Adding to the road infrastructure network in the city, the Greater Hyderabad Municipal Corporation (GHMC) has decided to execute Rs 3,500 crore worth Strategic Road Development Program (SRDP) project. The mega project will be in addition to the other developmental works planned for the next financial year, said, Commissioner B Janardhan Reddy, elaborating that to finance the project Rs 1,000 crore revenue would be generated through issue of municipal bonds and the remaining portion of the financing worth Rs. 2,500 crore to be generated through loans from financial institutions. He further added that the corporation is also planning to expedite other works under SRDP for which the revenue sources to the tune of Rs 426 crore would flow form 14th finance commission grants and Rs 500 crore sought from State government for road works in addition to the funds sanctioned to Hyderabad Road Development Corporation. Funds worth Rs 533.50 crore are likely to be received from both the state and central governments before the end of this financial year.
📅Published on:
03 March 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
