Telangana Seeks Low-Interest HUDCO Loans For Key Projects
The Chief Minister detailed upcoming greenfield infrastructure, including roads from Bharat Future City to Chennai via Bengaluru and Amaravati, a greenfield highway to Bandar Port and a proposed bullet train corridor. He also raised concerns about restructuring past loans that carry high interest rates, to which the HUDCO Chairman responded positively.
Highlighting the state’s rapid growth, Reddy reiterated the need for concessional financing to accelerate new projects. Kulshrestha informed the Chief Minister that loans for Indiramma housing had already been sanctioned and expressed willingness to expedite funding for an additional 10 million houses.
The Chief Minister invited the HUDCO Chairman to attend the Global Summit scheduled at Bharat Future City on 8–9 December.