Telangana government likely to seek World Bank aid for Musi project

HYDERABAD: The state government is likely to seek financial assistance from the World Bank or Japan International Cooperation Agency (JICA) for executing the Musi Riverfront Development Project.

This was a major topic of discussion during a review meeting Chief Minister A Revanth Reddy had with the officials of revenue-generating departments here on Thursday.

The meeting, which lasted for just around 20 minutes, was also attended by Deputy Chief Minister Mallu Bhatti Vikramarka, Revenue Minister Ponguleti Srinivasa Reddy and Chief Secretary Santhi Kumari.

The government estimates that the Musi project will cost Rs 40,000 crore to Rs 60,000 crore, sources said. According to sources, the Union government has given in-principle approval to provide funds for the Musi project under its smart cities scheme.