G.O. (Ms.) No. 147, Madipakkam Underground Sewerage Scheme Loan, 2022
The Municipal Administration and Water Supply (MA2) Department issued Government Order (Ms.) Number 147 dated 14 October 2022, approving a Rs.115.60 crore State Urban Infrastructure Development Fund loan for the Madipakkam underground sewerage scheme. The approval finances public sewerage infrastructure and does not itself change land ownership, land records or property rights.
What the document does
Government Order (Ms.) Number 147 dated 14 October 2022, issued by the Municipal Administration and Water Supply (MA2) Department, approves a Rs.115.60 crore loan for implementing an underground sewerage scheme in Madipakkam. The loan comes from the State Urban Infrastructure Development Fund.
The State Level Sanctioning Committee approved the loan at its first meeting held on 20 July 2022. The Government accepted the proposal submitted by the Additional Chief Secretary, Chairman and Managing Director of the Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited.
Project funding
Government Order (Ms.) Number 147 records a revised approved project cost of Rs.256.90 crore. The funding is divided as follows:
- Government of India share, 25 per cent, Rs.64.23 crore.
- Government of Tamil Nadu share, 30 per cent, Rs.77.07 crore.
- State Urban Infrastructure Development Fund loan, 45 per cent, Rs.115.60 crore.
The earlier approved project cost was Rs.249.47 crore, including a Rs.112.26 crore loan component. The cost was revised after the rate of Goods and Services Tax for construction services increased from 12 per cent to 18 per cent with effect from 18 July 2022, based on a request from the Chennai Metropolitan Water Supply and Sewerage Board.
Loan terms
Government Order (Ms.) Number 147 approves the following terms:
- Loan amount of Rs.115.60 crore.
- Interest rate of 5 per cent per year.
- Repayment period of 10 years.
- Use of the loan for the Madipakkam underground sewerage scheme.
The Finance Department concurred with the approval.
Who may be affected
Government Order (Ms.) Number 147 directly concerns the Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited, the Chennai Metropolitan Water Supply and Sewerage Board and the Greater Chennai Corporation. Residents, owners and buyers in Madipakkam may be interested because the financed project provides underground sewerage infrastructure in the area.
The document does not set property charges, alter land classification, transfer ownership or amend land records. It is a financial approval for the sewerage project.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does Government Order (Ms.) Number 147 change my Madipakkam land title or patta?
No. The document approves financing for an underground sewerage project and contains no provision changing land ownership, patta or other land records.
How much loan was approved for the Madipakkam sewerage scheme?
The approved State Urban Infrastructure Development Fund loan is Rs.115.60 crore.
What are the interest rate and repayment period?
The loan carries interest at 5 per cent per year and has a repayment period of 10 years.
What is the revised total cost of the project?
The revised approved project cost is Rs.256.90 crore. The document states that the revision followed an increase in Goods and Services Tax for construction services from 12 per cent to 18 per cent.
