Hyderabad: The Greater Hyderabad Municipal Corporation has a mere Rs 195 crore to execute the Strategic Road Development Plan (SRDP) works worth Rs 2,631crore. With works going on at a brisk pace in several locations, funds raised through municipal bonds will be sufficient only to execute the project till October. The civic body would certainly run short of funds and would have to wait until December for the next allocation either from the government or municipal bonds, claimed sources.
Corporation officials are now in a dilemma whether to write to the caretaker government for the next allocation or go in for bonds. Under SRDP, the corporation will construct seven skyways, develop 11 major and 68 minor corridors and 54 grade separators at an estimated cost of Rs 25,000 crore.
Barring the KBR junction, the corporation has done the ground work at several junctions and completed the tender process for all future work. Earlier, the corporation decided to raise Rs 800 crore municipal bonds out of which it had already raised Rs 400 crore with the government as security. Sources said with the dissolution of the assembly, the civic body was caught up in a dilemma.
