Telangana infuses ₹2,062 cr in urban infrastructure

Under the ‘Pattana Pragathi’ programme, the Telangana government has provided financial assistance worth Rs 2,062 crore to 142 urban local bodies (ULBs). The infusion, according to State Minister K T Rama Rao, is aimed at improving sanitation and infrastructure in ULBs. Hyderabad is aiming to be one of the top 30 cities in the world, according to the state’s administration.

According to the Forest Survey of India 2021, Hyderabad topped the mega cities with 48.66 sq km of green cover in a decade, as the state’s government implemented progressive urban policies and initiatives, transforming the city’s urban landscape. Since its formation, the total number of ULBs has increased from 69 to 142.

The Greater Hyderabad Municipal Corporation (GHMC) has been able to secure loans worth $5,983 crore to fund capital-intensive projects, with around 2,000 crore obtained without the state government’s guarantee after banks performed due diligence after reviewing the GHMC’s balance sheet. The GHMC is also undertaking capital development projects worth $8,965 crore with its own funds.

Construction, Infrastructure and Mining  Group Media Publication
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