04 February,2025 02:22 PM IST | Mumbai | mid-day online correspondent
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The Brihanmumbai Municipal Corporation (BMC) has unveiled its Budget Estimates for the financial year 2025-26, marking a significant step towards enhancing the educational landscape of Mumbai.
This budget is a crucial part of Municipal Commissioner Bhushan Gagrani's first tenure, and it continues to build on the third consecutive budget under the administration's guidance. With an overarching aim of fostering inclusive, innovative, and accessible education, the BMC's new initiatives promise substantial improvements to Mumbai's educational infrastructure and student welfare.
The highest allocation of Rs 5,545 crore is dedicated to the Mumbai Sewage Disposal Project for the construction of seven Sewage Treatment Plants (STPs), set to become operational between 2026 and 2028 in phases.
Rs 4,000 crore has been allocated for the second phase of the Mumbai Coastal Road Project, which will connect Versova with Dahisar.
A total of Rs 3,111 crore is allocated to the road concretisation initiative, with a goal to complete 75% of the work in the next financial year.
Rs 1,958 crore has been allocated for the Goregaon Mulund Link Road, expected to be operational by 2028. The 12 km road will reduce travel time between the Western Express Highway and Mulund from 75-90 minutes to 25 minutes.
Rs 1,516 crore is allocated for the completion and maintenance of the south section of the Mumbai Coastal Road, which became operational in March 2024.
BMC plans to assess commercial units in slum areas for property tax, expected to generate Rs 350 crore. These areas are used for commercial purposes such as shops, industries, and hotels.
BMC will introduce SWM User Charges to fund waste management services, following legal consultations regarding amendments to the SWM Sanitation and Cleanliness By-Laws of 2006.
The Brihanmumbai Electric Supply and Transport (BEST) undertaking has been allocated Rs 1,000 crore to support its operations, infrastructure development, and the purchase of electric buses. BEST's financial challenges continue, and the BMC has provided significant support over the years, including Rs 11,304 crore since 2012-13. With a total accumulated loss of Rs 9,500 crore, the undertaking remains financially burdened but continues to provide vital transport services to millions of commuters across the city.