The Central Government has given a green signal to an environmental protection and urban development project in Telangana. The Department of Economic Affairs (DEA) Screening Committee under the Union Finance Ministry has given in-principle approval for foreign financial assistance of Rs 5,000 crore (500 million Euros) through Germany's KfW Bank for the 'Telangana Climate Resilient Urban Transformation Initiative' (Telangana-KRUTI) scheme, Namasthe Telangana reported.
This proposal was approved at the 167th meeting of the Screening Committee held in Delhi on Friday. The total cost of this project is Rs 7,143 crore, according to Namasthe Telangana.
Dr. TK Sreedevi, Secretary of Telangana's Municipal Administration Department, participated in the meeting. She explained the objectives, priorities, and implementation strategy of the project.
The project will be undertaken by the Telangana Urban Finance and Infrastructure Development Corporation Limited (TUFIDC), Namasthe Telangana stated.
This project will significantly contribute to environmental protection and development in urban areas across Telangana. It paves the way for sustainable urban development in the state.
