Hyderabad: Fund-starved SRDP to borrow Rs 2,500 crore
5 years, 1 month ago

Hyderabad: Fund-starved SRDP to borrow Rs 2,500 crore

Deccan Chronicle  

Hyderabad: With the Strategic Road Development Plan mired without funds, the government on Tuesday issued an order to borrow a rupee term loan of Rs 2,500 crore. The corporation raised only about Rs 100 crore at 10 per cent interest, against the Rs 200 crore needed. Against this backdrop, the corporation is depending on the RTL loan worth Rs 2,500 crore, expected to last the SRDP three years. The municipal administration department has also hired SBI Capital Markets Limited as consultant to raise RTL loan with 0.1 per cent fee.

Crore Rtl Srdp  worth  corporation  srdp  rates  hyderabad  rs  borrow  2500  municipal  loan  raised  rtl  crore  fundstarved

History of this topic

Road infrastructure in Telangana: Created to dazzle
1 year, 7 months ago

Road infrastructure in Telangana: Created to dazzle

The Hindu  

Road development is the one key project that has trumped all other projects in the city in terms of vision, fund allocation and execution during the last 10 years since creation of Telangana as a separate state in 2014. Majorly implemented by GHMC, the Strategic Road Development Plan encapsulated a wide array of cost intensive projects, including construction of flyovers, …

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24
1 year, 9 months ago

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24

Deccan Chronicle  

Hyderabad: The Centre has permitted Telangana state government to borrow Rs 12,500 crore through auction of bonds in the first quarter of the new fiscal. Due to the restrictions imposed by the Centre on the loans, the state government could not borrow nearly Rs 14,000 crore that was provisioned in the Budget in the 2022-23 fiscal, which ended on Friday. …

SRDP Phase 2 runs into land acquisition hurdles
1 year, 10 months ago

SRDP Phase 2 runs into land acquisition hurdles

Deccan Chronicle  

Hyderabad: Land acquisition hurdles are haunting the state government's flagship Strategic Road Development Plan phase-2 project. Officials said that new Atgrade road proposals have played spoilsport, where acquisition cost was estimated at about Rs 2,200 crore apart from the land required for skyway projects. Land owners would be issued 400 per cent of TDR for master plan of roads widening, …

Telangana: Big projects yield no cash, hits state plans
2 years, 7 months ago

Telangana: Big projects yield no cash, hits state plans

Deccan Chronicle  

HYDERABAD: Mission Bhagiratha and the Kaleshwaram project account for a major chunk of bank guarantees given by the state government for raising loans. The Centre wants to treat bank guarantees as part of state government debt, which the Telangana state government is strongly opposed to. The state government created the Kaleshwaram Irrigation Project Corporation Ltd to raise funds for the …

Telangana borrowed Rs 2.4 lakh crore in 8 years
2 years, 9 months ago

Telangana borrowed Rs 2.4 lakh crore in 8 years

Deccan Chronicle  

Hyderabad: The total loans taken by the state government from June 2014 up to February are at Rs 2,41,395 crore. NCDC loans were utilised for sheep and goat development cooperative federation for distribution of sheep and goat while Hudco loans were utilised for construction of 2BHK houses for the poor through TS Housing Corporation Ltd. Power bods/ Uday scheme loans …

Telangana government raised ₹2.41 lakh crore loans since its formation
2 years, 9 months ago

Telangana government raised ₹2.41 lakh crore loans since its formation

The Hindu  

The State has borrowed ₹2.41 lakh crore in the form of loans from various agencies since its formation in 2014-15. Loans from the open market constituted the major chunk of borrowings at ₹2.18 lakh crore while money raised from power bonds/UDAY scheme was pegged at ₹8,923 crore. The Central government allowed additional borrowings of ₹1,435 crore in 2019-20 for relief …

Lenders refuse GHMC money to acquire land
4 years, 11 months ago

Lenders refuse GHMC money to acquire land

Deccan Chronicle  

Hyderabad: In a bad setback to the Greater Hyderabad Municipal Corporation, the financial agencies that have been funding the major infrastructure projects in the city have refused to release money for land acquisition. The corporation had grand plans to expedite the ongoing Strategic Road Development Plan, and expected `160 crore for the land that would have to be acquired during …

Hyderabad: Commuters to suffer as SRDP faces fund crisis
5 years, 2 months ago

Hyderabad: Commuters to suffer as SRDP faces fund crisis

Deccan Chronicle  

HYDERABAD: The state government’s flagship Strategic Road Development Plan to ease traffic snarls in the state capital has once again run short of funds. Though the Greater Hyderabad Municipal Corporation had earlier raised Rs 100 crore through municipal bonds, the amount was sufficient only to clear the pending bills. Work on SRDP has already been put on hold temporarily till …

Hyderabad: High cost of funds puts off road projects
5 years, 5 months ago

Hyderabad: High cost of funds puts off road projects

Deccan Chronicle  

Hyderabad: Market fluctuations after the Union Budget was presented to Parlia-ment on July 5 and inc-essant rain in Mumbai have badly affected work on the Strategic Road Development Plan. The Greater Hyderabad Municipal Corporation which has raised Rs 395 crore from the market at 8.9 per cent and 9.38 per cent interest plans to borrow another Rs 300 crore. In …

Hyderabad: Civic body is left only with Rs 15 crore for roads
5 years, 10 months ago

Hyderabad: Civic body is left only with Rs 15 crore for roads

Deccan Chronicle  

Hyderabad: The state government’s flagship Strategic Road Development Plan could grind to a halt as the corporation is running out of money. An official said the corporation had utilised Rs 380 crore which was raised through municipal bonds, with the government standing security, to build skyways, grade separators and rotaries. Under the SRDP, the corporation has to construct seven skyways, …

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