Vellakovil City Development Plan - Municipal

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City Development Plan for Vellakoil Municipality SMEC India Pvt Ltd Final Report TNUDP III Table8.25 Summary of Borrowing and Investment Capacity – Scenario III Borrowing Capacity Rs. 937.48 lacs Investment Capacity (BC/0.14) Rs. 5208.24 lacs Investment Requirement Rs. 9018.12 lacs Sustainable Investment Capacity % - IC / IR 57.75% Thus the sustainable investment capacity works out to 58% of the total investment requirement at Rs. 5210 lacs in case the growth in Devolution Funds is taken @ 10% p.a. 8.9 KEY INDICATORS The key Indictors of the Municipality based on the financial projections of Scenario II (Growth Rate of Devolution Funds @ 7.5% p.a.) works out as below : Table 8.26 Key Indicators Minimum Maximum Average Existing (2001-02 to 2006-07) Operating Ratio 0.71 1.01 0.85 Debt Service Ratio 0% 6% 2% Category Short Term (2009-10 to 2013-14) 1 Operating Ratio 0.92 1.33 1.07 Debt Service Ratio 28% 49% 34% Category Long Term (2009-10 to 2028-29) 3 Operating Ratio 0.70 1.33 0.84 Debt Service Ratio 6% 49% 22% Category 1 Note : 1 – Financially Sound; 2 – Financially Fragile; 3 – Financially Insolvent The financials and the ratios of the Municipality are not good in the short term due to high operating ratio and debt service ratio. But in the long run, the same have improved and is good due to higher number of commercial and industrial assessments. 8.10 INFERENCE The investment capacity of Vellakoil Municipality on ‘As is Where Basis’ works out to Rs. 1493 lacs. The investment capacity of Vellakoil Municipality works to 46% in case of Scenario II (Growth Rate of Devolution Funds assumed @ 7.5% p.a.) and 58% in case of Scenario III (Growth Rate of Devolution Funds assumed @ 10% p.a.). In value terms the investment capacity works out to Rs. 4135 lacs under Scenario II and Rs. 5210 lacs under Scenario III. It may be observed that the investment capacity has improved with the introduction of new projects as compared to ‘As is Where Basis’ scenario. The same is on account of the fact that 83
City Development Plan for Vellakoil Municipality SMEC India Pvt Ltd Final Report TNUDP III the Municipality has large number of commercial and industrial assessments, which are presently untapped on account of water and sewerage connections. Thus it can be inferred that the investment capacity of the Municipality is around 46% of the total investment requirement. Based on the above, it can be inferred that the Municipality can take up only the small projects, where the funding is mostly by way of Grants as given below : Table 8.27 Priority projects suggested under CDP S.No. Particulars Total Priority Funding By A Physical Infrastructure Facilities L : G : O I Water Supply a) Improvements to Water Supply 1199.20 A 0:90:10 II Sewerage & Sanitation a) New Underground Sewerage Scheme 3300.00 A 37:35;28 Total 4499.20 The above two projects can be taken up by the Municipality as there are large number of commercial and industrial assessments and on stand alone basis these projects are viable at the funding pattern given above. Besides the above, the following other small projects can be taken up, where the funding pattern is mainly by way of grants and deposit mobilization : Table 8.27a Priority projects suggested under CDP S.No. Particulars Total Priority Funding By A Physical Infrastructure Facilities L : G : O I Strom Water Drains a) Construction of new drains and providing mesh covers 300.00 A 0:90:10 II Bus Shelter a) Construction of New Bus Shelter 10.00 A 100% Grant III Street Lights a) High mast lights at Old & New Bus Stand 14.00 A 100% Grant b) Retrofitting and energy saving devices 23.00 A ESCO c) Central Median lights at main roads for 3Km 45.00 A 0:90:10 B Social Infrastructure Facilities I Slum Improvements a) Improvement to Slums 709.00 B 100% Grant II Market a) Construction of Daily Market 75.00 A 100% ULB b) Construction of Weekly Market 75.00 A 100% ULB C Other Projects I Remunerative Projects a) Commercial Building (G+2) at Erode Road near 50.00 A 100% ULB 84
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Submitted to CITY DEVELOPMENT PLAN
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Final Report City Development Plan
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Final Report City Development Plan
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Abbreviation and Acronyms ANM : Aux
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EXECUTIVE SUMMARY COUNCIL RESOLUTIO
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TABLES 2.1 Population and growth 4
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City Development Plan for Vellakoil
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Vellakovil City Development Plan - Municipal

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