A step forward has been taken in the Musi Riverfront Project in Hyderabad. International tenders have been invited for two packages, valued at Rs 7,345 crore, for the first phase of works.
The project includes desilting the river and implementing flood control measures. Construction of retaining walls and road development are also part of these works.
Laying of sewage pipelines and the construction of two bridges are also part of this initial phase. The project aims to give a new look to Hyderabad city.
The Asian Development Bank is expected to provide a loan of up to Rs 4,500 crore for this project. This funding will support the financial execution of the project.
The government aims to complete the first phase of works by December 2027. This project is expected to contribute to the urban development of Hyderabad.
