A view of the confluence of the Musi and Esi rivers close to Bapu Ghat at Langar Houz. File
| Photograph Credit score: SIDDHANT THAKUR
Falling rupee worth has enhanced the venture funding for the Musi Riverfront Growth Company (MRDCL) to hold out the river improvement works.
The exterior funding from the Asian Growth Financial institution has added bulk, because of the elevated change worth of greenback over time. Whereas in actual phrases, the multilateral company has given approval for USD500 million, it had translated into ₹4,100 crore over a yr in the past when the mortgage was sought. With rupee worth sliding considerably since then, the precise funding has now reached ₹4,500 crore. The greenback change charge has jumped from ₹82 to round ₹95 within the intervening interval.
Authorities, on Thursday, issued orders in accordance administrative sanction for ₹7,345.12 crore for Section-1 of the Musi Riverfront Growth venture. This excludes the land acquisition price.
The whole venture price is to be funded by way of borrowings — main a part of ₹4,500 crore from Asian Growth Financial institution and the remaining ₹2845.12 crore from the Hyderabad Metropolitan Growth Authority or the Telangana Industrial Infrastructure Company (TGIIC). Musi Riverfront Growth Company will execute the venture.
Areas within the Zone-1 are to be taken up with the funding, divided into two elements, 9.2 kilometres from Himayat Sagar to Gandhi Sarovar / BapuGhat (Zone-1A) costing ₹3232.01 crore, and 11.8 kilometres from Osman Sagar to Gandhi Sarovar / BapuGhat (Zone-1B) costing ₹4113.11 crore.
ADB accorded funding with the caveat that the remaining quantity ought to be born by the State authorities as a grant. The works shall be taken up on Engineering-Procurement-Development mode, participating Venture Administration Consultancy (PMC) for implementation, supervision and monitoring of the venture duly following the ADB tips for procurement, the orders stated.
Revealed – July 10, 2026 12:14 pm IST
