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CRISIL offers services to GVMC

Staff Reporter

Decision will be taken after field visit: Vishnu

VISAKHAPTANAM: Credit rating agency CRISIL has come forward to provide consultancy services to the Greater Visakhapatnam Municipal Corporation (GVMC) in the implementation of JNNURM projects.

Head (Urban and PPP Practice) CRISIL Risk and Infrastructure Solutions Brijgopal Ladda made a power-point presentation on the services at the chamber of Municipal Commissioner V.N. Vishnu on Wednesday.

Highlighting the services at Pimpri-Chinchwad Municipal Corporation, he said they resulted in a 150 per cent growth rate over a decade. He also detailed the services being extended in Nasik, Aurangabad and Pune municipalities in water supply, BRTS, housing, sewage treatment etc.

The agency will take up all the responsibility from preparing the project report for entering into an agreement.

Mr. Vishnu said the possibility of strengthening the Estate wing of GVMC and safeguarding its properties would be examined. A decision on utilising the services of CRISIL would be taken after a field study.

The Commissioner said a visit of a team of people's representatives and officials would be arranged to Pimpri-Chinchwad, Aurangabad and Kolhapur for field study of JNNURM projects and asked the CRISIL representative to extend logistic support.

Additional Commissioners S. Krishna Murthy, P. Purnachandra Rao and K. Ramesh, Chief City Planner D. Venkataratnam, Chief Medical Officer (Health) D. Abbulu, Financial Advisor Y. Mangapati Rao, Examiner of Accounts Satyanarayana and HRD Consultant Rajendra Krishna participated.

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