Shimla to get facelift

The State was planning to give facelift to Shimla town for which the City Development Plan has been prepared which would involve funds over Rs. 3900 crore. This was disclosed by Shri S.S. Parmar, Chief Secretary while presiding over the meeting of senior officers convened here today for witnessing a Presentation of India Infrastructure Finance Company Ltd. (IIFCL) a Government of India Enterprise.

Shri Parmar said that under the City Development Plan infrastructure facility such as Bus Terminals, Parking Lots, Underground Tunnels, Shopping Complexes, water supply etc. would be created which would require a huge investment for which financing companies have to play vital role. He said that for fully harnessing the immense tourism potential in the State private players have a key role to play.

Dr. N.K. Madan, Vice President, India Infrastructure Financing Company Ltd. While giving detailed presentation on the schemes for financing of infrastructure sector, said that the Government of India has set up IIFCL as an apex level institution which provides long term finance for building infrastructure in the country.

Among various areas that came for discussion regarding development of infrastructure in the State, it was felt that for increasing hydel generation, funds were adequately required.

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