Hyderabad : Chief Minister A. Revanth Reddy has directed officials to commence implementation of the Musi River Development Project from December.
The Chief Minister held a review meeting with senior officials on the first phase of the project. It was noted that the initial phase will require Rs.5,641 crore, covering the development of 493 acres of land. The government plans to finance the project primarily through loans, along with other funding sources.
The Asian Development Bank (ADB) has given in-principle approval to release Rs.4,100 crore for the project, while the state government will contribute Rs.1,541 crore. The remaining funds will be raised through financial institutions.
The main objective of the Musi River Development Project is to clean and rejuvenate the river, ensurin