MFF - North Karnataka Urban Sector Investment Program - Tranche 2

The report and recommendation
of the President (RRP) had indicated that 13 of the 25 urban local bodies (ULBs) demonstrated that their municipal
cash flows would be sufficient to meet the additional expenditures resulting from the investment
program and that the other 12 should propose a financial improvement action plan for sustaining the subprojects. No such action plans were developed. Had these actions plans been developed
before subproject approvals, the sustainability of the subprojects would likely have improve