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    JDA targets Rs. 2,700-cr investment for FY16

    Jaipur Development Authority
    In order to build world class infrastructure in the city, the Jaipur Development Authority (JDA) has targeted a staggering investment worth Rs 2,700-cr during the current fiscal year, which is nearly 42% higher than the preceding financial year. As per the budget proposal, a major portion, Rs 1,825-cr has been allocated to carry out developmental work in the city and on the drainage and sewerage works, the civic body has proposed to spend Rs 154cr, said official sources, adding that JDA, in its kitty, has many big projects this year including elevated road, renovation of Dravavati river, affected project persons (PAP) corridor, etc. The estimated cost to construct the elevated road proposed between Ambedkar Circle and Sodala is Rs 200cr. Similarly, the JDA provided administration and financial approval of Rs 262-cr to develop the PAP corridor recently. Apart from this, there are many other development projects on the radar including renovation of all the big parks in the city come under the JDA; it has proposed a budget of Rs 10-cr for maintenance. As the real estate market is facing a slump, it would be a challenge for JDA to earn the targeted revenue worth Rs 900-cr after auctioning the land.
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