Chhattisgarh’s ‘Nava Raipur’ becomes first ‘debt-free’ modern planned city

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Chhattisgarh’s ‘Nava Raipur’ becomes first ‘debt-free’ modern planned city



“The significant accomplishment is expected to accelerate the pace of infrastructure development and the execution of new projects in the modern, swanky and meticulously planned capital of Chhattisgarh”, said Vishnu Deo Sai, chief minister.The NRDA had availed substantial loans for its development, primarily for land acquisition, construction of roads, government buildings, and other institutions. However, the burden of debt and the consequent interest payments had strained the Authority’s cash flow.”Through financial discipline, transparency, and strategic planning, we have ensured not only debt relief for the Authority but also charted its course towards self-sufficiency and new heights of development,” the CM added.The state government is striving to transform Nava Raipur into a modern, employment-oriented city with world-class amenities, with upcoming significant private investments.



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