G.O.(D).No.255, Tamil Nadu Urban Flagship Investment Program Tranche 2 Loan, 2022
The Municipal Administration & Water Supply (MA2) Department issued G.O.(D).No.255 dated 18 July 2022, sanctioning a government loan of Rs.36.50 crore to the Tamil Nadu Urban Development Fund for projects under the Asian Development Bank assisted Tamil Nadu Urban Flagship Investment Program, Tranche 2. The funding supports ongoing urban water supply and underground sewerage projects through loans to urban local bodies.
What the document does
G.O.(D).No.255 dated 18 July 2022, issued by the Municipal Administration & Water Supply (MA2) Department, sanctions Rs.36.50 crore as a loan to the Tamil Nadu Urban Development Fund. The money is for execution of the Asian Development Bank assisted Tamil Nadu Urban Flagship Investment Program, Tranche 2.
The loan is credited by adjustment to the Public Deposit Account of the Tamil Nadu Urban Development Fund rather than paid in cash. The sanction remains valid up to 31 March 2023. The Government states that separate orders will determine the interest rate.
Projects and funding position
The Tamil Nadu Urban Flagship Investment Program, Tranche 2 has a total outlay equivalent to about Rs.4,151 crore. Asian Development Bank assistance is stated as equivalent to about Rs.1,442 crore. Of the program allocation, Rs.487.01 crore was assigned to the Tamil Nadu Urban Development Fund for sub-loans covering water supply and sewerage projects.
Before the additional sanction, the Government had released Rs.222 crore to the fund. The fund had disbursed Rs.196.46 crore, leaving Rs.25.54 crore available.
The six listed sub-projects are:
- Underground sewerage schemes in Trichy Corporation, Ambur Municipality, Tiruppur Corporation and Vellore Corporation.
- Water supply improvement schemes in Tiruppur Corporation and Madurai Corporation.
Repayment and administration
The annexure records the following loan conditions:
- Total repayment period of 22 years and 9 months.
- Principal moratorium up to 31 March 2025.
- Interest payable during the moratorium on a semi-annual basis, on 1 April and 1 October.
- Principal and interest payable as a semi-annual annuity from 1 April 2025.
- The Director of Municipal Administration controls the borrower and must manage the transfer, monitoring and recovery procedures.
Relevance to property owners and buyers
G.O.(D).No.255 dated 18 July 2022 is a public infrastructure funding document. It does not identify private properties, survey numbers, owners or land transactions. Its practical relevance is that it funds listed municipal sewerage and water supply projects, but the document itself does not record any change to an individual property's title, classification or ownership.
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 G.O.(D).No.255 change the ownership or classification of my land?
The document does not identify private land, survey numbers, owners or changes to land classification. It sanctions funding for municipal water supply and sewerage projects.
Which urban local bodies have projects listed under this funding?
The listed projects are in Trichy Corporation, Ambur Municipality, Tiruppur Corporation, Vellore Corporation and Madurai Corporation. Tiruppur Corporation has both sewerage and water supply projects.
How much additional loan was sanctioned to the Tamil Nadu Urban Development Fund?
The Municipal Administration & Water Supply (MA2) Department sanctioned Rs.36.50 crore to the Tamil Nadu Urban Development Fund.
Does the document specify the interest rate for the loan?
No. G.O.(D).No.255 dated 18 July 2022 states that separate government orders will fix the interest rate.
