Significant financial development the MMC is in the process of recovering substantial dues from HPCL

In a significant financial development, the MMC is in the process of recovering substantial dues from Hindustan Petroleum Corporation Limited (HPCL). These dues, pending for 15-20 years, have accumulated to a considerable amount. Chairperson Borkar highlighted the council’s persistent efforts and negotiations that have led to this breakthrough, promising a significant boost to municipal finances. "Recovering this long-pending amount is a major achievement for us and will greatly aid in funding various developmental projects in the city," he remarked.
In a move aimed at enhancing traffic management and boosting revenue, the Mormugao Municipal Council (MMC) has decided to introduce pay parking for four-wheelers in Vasco city.
The implementation of the pay parking system is expected to ease congestion in the city's busiest areas and ensure better utilization of parking spaces. "The pay parking system will help maintain order among motorists while generating essential revenue for the council," said Chairperson Borkar. The council is finalizing the rates and identifying specific zones for the pay parking initiative.
During the special council meeting, several other crucial topics were discussed,