Centre Approves Telangana’s ₹4,000-Cr Urban Transformation Plan for World Bank Funding
Proposed World Bank financing accounts for $301 million, or about Rs 2,800 crore.
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.
The programme outlay is estimated at $430 million, or about Rs 4,000 crore. Proposed World Bank financing accounts for $301 million, or about Rs 2,800 crore.
A second part of the programme focuses on strengthening urban local bodies financially, developing projects that can attract market funding, expanding digital governance and helping cities access schemes such as the Urban Challenge Fund and City Economic Region initiative.
The programme also proposes City Economic Regions, better regional connectivity, area redevelopment and private investment to support economic activity and employment.
The DEA screening committee considered PPR-22928 during its 166th meeting on August 7 and approved it for further processing under the Centre’s appraisal process for externally aided projects.
