ADB Team Visits Musi Riverbank Sites
Speaking to the delegation during their field inspection, people living along the Musi riverbank supported the government’s plans. They also handed over a representation outlining community concerns and demands.
Hyderabad: A delegation from the Asian Development Bank (ADB), accompanied by state engineers, visited multiple sites along the Musi river on Thursday, following the state government’s efforts to raise funds for the Musi Riverfront Development Project from the developmental institution.
The first phase of the Musi Riverfront Development Project requires 493 acres of land and is estimated to cost Rs 5,641 crore. Of this, the government will contribute Rs 1,541 crore from its resources, while the balance money of Rs 4,100 crore will be raised through loans, mainly from the Asian Development Bank (ADB). The project aims to restore the river’s flow, controlling floods and developing its banks into a major recreational corridor.
Speaking to the delegation during their field inspection, people living along the Musi riverbank supported the government’s plans. They also handed over a representation outlining community concerns and demands. However, they demanded the government to make the Detailed Project Report (DPR) public.
Officials from the Musi River Front Development Corporation Limited (MRDCL) said that they are finalising the DPR and will release it in the public domain as soon as it is prepared.