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Rs 83,000 Crore Needed to Make Hyderabad a Global City: KTR

Rs 83,000 crore would be required to make Hyderabad as one of the best global cities, municipal administratio, said MAUD minister.

Published: 22nd March 2016 06:39 AM  |   Last Updated: 22nd March 2016 06:39 AM   |  A+A-

HYDERABAD: For implementing mega infrastructure projects in Greater Hyderabad like Strategic Road Development Plan (SRDP), pharma and other projects, a whopping `83,000 crore would be required to make Hyderabad as one of the best global cities, municipal administration and urban development (MAUD) minister K T Rama Rao has said.

Crore.jpgThe state government is exploring options on how to go about with the proposed projects -  whether to construct the projects under Design Build Finance Operate Transfer (DBFOT), Build Operate Transfer (BOT), Annuity model or Engineering Procurement Construction (EPC) or other mode.

A few days ago a meeting was held with major 19 infrastructure companies where the state government explained about the proposed projects seeking their feedback of funding of projects. After studying the proposals they would come back to the government and give the feedback.  

After receiving the response from infra companies, the state government would share the details with the city MLAs. 

This was disclosed by Rama Rao while replying to a question raised by Akbaruddin Owaisi and others during the question hour in the Assembly on Monday.

Rama Rao said the state government with an intention to ease traffic congestion in Greater Hyderabad limits has formulated the SRDP plan to construct flyovers, skyways, elevated corridors, grade separators, junction improvement with a total outlay of `19,222 crore to spent in four phases.

The four skyways to be taken up forthwith would have connectivity with National Highways. The state government would spend `8,000 crore for taking up laying of new roads widening of existing constructing as many as 18 news junctions, he added.

He further stated that the government would also take required steps immediately to increase the PV Narasimha Rao Expressway for connectivity to Tolichowki.

Under SRDP, 20 junctions would be taken up at KBR Park Entrance Jn, Maharaja Agrasen Jn, Cancer Hospital, Film Nagar,  Road No. 45 Junction, Jubilee Hills Checkpost, LB Nagar, Bairamalguda, Kaminenei Hospital, Chintalkunta, Rasoolpura, Uppal, Biodiversity park, Ayyappa Society, Rajiv Gandhi Statue, Mind Space, Owaisi Hospital, Bahadarpura, Abids GPO to Chaderghat and Malakpet and Cyber Towers etc.

In Phase-II, comprehensive development of East West Corridor along with Musi River as Sky and Cable stayed Bridge at Durgam Cheruvu has been proposed. In Phase-III development of six important corridors have been proposed, the minister added.        

Akbaruddin Owaisi said GHMC voters have given a clear mandate to the TRS and also MIM to take up various developmental activities to make Hyderabad one of the best cities in the world.

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