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Tripura opposes 50-50 ratio of funding

Tripura opposes 50-50 ratio of funding
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Tripura Urban Development Minister Manik Dey has asked the Union Urban Development Ministry to comply with the decision to allocate funds on 90:10 ratio for implementation of the Smart City project in the city. In a letter to Union Urban Development Minister Venkaiah Naidu, Dey objected to the decision regarding 50:50 sharing of capital investment between Centre and state for implementing the project. ´This is the decision of the Narendra Modi government that in the North-East, all the Central projects will be implemented on 90:10 ratio and so far it has maintained this. Suddenly, in case of Smart City Development Project, the Ministry has changed the norms, which has put the state in serious trouble,´ he told Naidu. In the second phase, Agartala has been included in the plan along with 13 other cities.

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