Govt. moots municipal bonds for SRDP

  • | Wednesday | 15th November, 2017

The Government will soon raise ? 1,000 crore through Municipal Corporation bonds for implementation of Strategic Road Development Programme (SRDP), which has been taken up with an outlay of ? 20,000 crore to be be completed in four stages. The Minister said that city doesn’t face water scarcity now due to the sufficient funds released by the Government for Hyderabad Metro Water Supply and Sewerage Board (HMWS&SB). Municipal Administration Minister K. T. Rama Rao said in the Legislative Assembly that for stage-I, the Government has released ? 2,500 crore so far and all these funds were not drawn from the budgetary allocations meant for Greater Hyderabad Municipal Corporation (GHMC). The Government is committed to construct one lakh houses in the GHMC limits this year spending ? 8,650 crore and not a single rupee was taken from GHMC. Rejecting the charges that fund allocation to GHMC was only on paper, he said lot of funds were being spent for various projects in GHMC area including the double bedroom houses.

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