J&K floating tenders for Rs. 450-cr infra venture

    upgrading the drainage system in Srinagar
    In a recent development, the Jammu and Kashmir government has submitted DRP to the World Bank, which is financing the ambitious project involving upgrading the drainage system in Srinagar entailing a total investment worth Rs 450 crore. Commissioner Secretary, Housing and Urban Development Department, Hirdesh Kumar said adding that the evaluation of DPRs by World Bank (WB) officials was in the final stage and is all set to be cleared very shortly . As a matter of fact, the J&K government is also getting Rs 300 crore in funds from the Government of India under the Atal Mission for Rejuvenation and Urban Transformation and from the World Bank for drainage network and its upgradation in Srinagar. Tenders of around Rs 140 crore have already been floated for different works like upgradation of 49 dewatering stations, water testing equipment, movable equipment and high-diesel dewatering pumps, for which the state government is waiting for submission of bid proposals.
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