Ludhiana: Delayed release of sanctioned funds hits MC development works
Ludhiana, June 22 -- Despite sanctioning Rs.56 crore for development works in April, the state finance department has been slow in releasing the funds, disrupting the municipal corporation's payment cycle and impacting ongoing infrastructure projects across the city, civic officials said.
According to MC officials, contractors executing civic works have submitted running bills worth around Rs.8 crore, but the corporation is yet to receive the funds required to clear the payments.
Officials said prolonged delays could prompt contractors to slow down or suspend work until their dues are released.
The finance department had approved Rs.56 crore for payments related to ongoing repair and reconstruction works across the city in April. Howev...
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