Government approves revised funding pattern for new Kankanady Market
The Hindu
Building is expected to be ready by September 2022
The Urban Development Department has issued a revised administrative approval for the re-construction of the Kankanady market building after the State Cabinet approved a revised funding pattern to finance the ₹41.50 crore project, according to Mayor Premananda Shetty. With this, the modern market-cum-commercial complex to which the Mangaluru City Corporation had laid the foundation stone in February 2019 and the works which are going on in slow pace can now be carried forward with much ease. The revised financial model will save the civic body some amount in terms of paying interest to the loans on the project, he said and added that the government issued the revised administrative approval on March 25 after the Cabinet approval on March 22.More Related News