None
EN
Centre Approves Telangana’s ₹4,000-Cr Urban Transformation Plan for World Bank Funding
['Dc Correspondent', 'About The Author']
Deccan Chronicle - News Headlines | Today Headlines | Hyderabad News | English News | Top Stories | Breaking news
Hyderabad:The department of economic affairs (DEA) has approved Telangana’s Rs 4,000-crore urban transformation and jobs programme for further appraisal which allows the state to proceed with a proposal that seeks about Rs 2,800 crore in World Bank financing.
The municipal administration department has prepared the programme for selected urban clusters, particularly Tier-II and Tier-III cities.
It proposes improvements to water supply, sewerage, stormwater drainage, urban mobility, blue-green projects, climate resilience measures and public spaces, alongside changes in municipal administration and local finances.
Proposed World Bank financing accounts for $301 million, or about Rs 2,800 crore.
The programme also proposes City Economic Regions, better regional connectivity, area redevelopment and private investment to support economic activity and employment.