HMDA Plans to Raise Rs 200 Bn for Urban Infra Projects

16 Jan 2025 CW Team

The Hyderabad Metropolitan Development Authority (HMDA) has outlined plans to raise Rs 200 billion over the next 18 months through bond issuance to fund key urban infrastructure projects in the city. The funds will be used for several high-priority projects, including two elevated corridors, greenfield radial roads, an iconic bridge across Mir Alam Tank, and flyovers. In the first four months, HMDA intends to raise Rs 50 billion. This bond issuance is being pursued due to the state government’s inability to finance these critical projects.

The projects aim to significantly enhance the city's transportation network. For instance, one elevated corridor will stretch 18.12 km from Paradise junction to Outer Ring Road, at an estimated cost of Rs 36.20 billion. Another corridor from Paradise junction to Military Dairy Farm Road will cover 5.4 km and cost Rs 1,580 crore. Additionally, nine new greenfield radial roads are planned to connect Hyderabad’s Outer Ring Road to the regional ring road (RRR), spanning 215 km with an estimated cost of Rs 2,000-3,000 crore. A new cable bridge across Mir Alam Tank, estimated at ?363 crore, is also part of the plan.

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