1. Home
  2. Construction
  3. BMC’s ₹74,427 crore budget paves way for Mumbai’s growth.

BMC’s ₹74,427 crore budget paves way for Mumbai’s growth.

BMC’s ₹74,427 crore budget paves way for Mumbai’s growth.

BMC’s budget focuses on infrastructure, sewage disposal, and road development, with a 14.19 percent increase from the previous year.

The Brihanmumbai Municipal Corporation (BMC) released a budget of ₹ 74,427 crore for the fiscal year 2025-26, which exceeds the revised estimate of ₹ 65,180 crore from the previous fiscal year by 14.19 percent.

This year’s budget was given by Bhushan Gagrani, the BMC Commissioner and state-appointed administrator who would take over in March 2024. Following the dissolution of the general body of elected representatives in March 2022, the administrator presented the municipal body’s budget for the third year in a row.

Of the overall budget amount, ₹ 43,162 crore has been put out for capital expenditure and Rs 31,204 crore for revenue expenditure. The majority of funds for FY 2025-26 have been committed to improving some of the city’s significant infrastructure projects, which will reinforce its perspective.

The Mumbai Sewage Disposal Project (MSDP) received the highest allocation of ₹ 5,545 crore, which is being used to build seven Sewage Treatment Plants (STP) in Mumbai. These plants will go into operation gradually between 2026 and 2028.

The BMC has allocated ₹ 4,000 crore to the Bridge Department for the second phase of the Mumbai Coastal Road Project, which will connect Versova to Dahisar. The civic authority has allotted ₹ 3,111 crore for the road concretisation project. According to figures provided in the BMC budget, 26 percent of total road concretisation has been done thus far, with the city authorities aiming to finish 75 percent of the work in the next fiscal year.

Aside from that, ₹ 1,958 crore has been budgeted for the Goregaon Mulund Link Road (GMLR), which is projected to be operational by 2028. The 12-kilometre-long GMLR will run east from the Western Express Highway (WEH) to Mulund in the eastern suburbs. Currently, there is no direct link between these two regions of the city, and travel time during peak hours runs from 75 to 90 minutes. After the GMLR is completed, the travel time between these two points will be reduced to 25 minutes.

In addition to that, ₹ 1,516 crore has been set up for the completion of balance work and maintenance on the Mumbai Coastal Road Project (south), which will begin operations in March 2024.

For more details, visit: https://www.mcgm.gov.in/irj/portal/anonymous/qlBEst2425

32

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Close