HYDERABAD: The Telangana government has unveiled a landmark investment of ₹10,000 crore for the development of Hyderabad, marking the largest allocation for the city since the formation of the state. This ambitious funding aims to transform Hyderabad into one of the world’s most livable cities.
Finance Minister Bhatti Vikramarka announced that this unprecedented allocation underscores Hyderabad's central role in the state's growth. "Integrated development of Hyderabad will enable us to mobilize significant resources for the entire state's advancement," he said.
Major Allocations:
- Greater Hyderabad Municipal Corporation (GHMC): ₹3,065 crore
- Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB): ₹3,385 crore
- Hyderabad Metropolitan Development Authority (HMDA): ₹500 crore
- Hyderabad Disaster Relief and Asset Protection Agency (HYDRAA): ₹200 crore
- Metro Expansion Projects:
  - Extension to the Old City: ₹500 crore
  - Extension to the Airport: ₹100 crore
  - Outer Ring Road Improvements: ₹200 crore
  - Metro Rail Development: ₹500 crore
  - MMTS Expansion: ₹50 crore
Musi Riverfront Development:
A substantial ₹1,500 crore is allocated for the Musi Riverfront Development Project, aimed at rejuvenating the river’s ecosystem. This initiative, inspired by the Thames Riverfront Project in London, will enhance 110 km along the riverbanks with recreation zones, plazas, theme parks, and entertainment areas.
Addressing Past Neglect:
Vikramarka criticized past Congress governments for neglecting key aspects of Hyderabad’s development, including sanitation, sewerage, and pollution control. He claimed that significant funds accrued from land sales were not utilized for the city's improvement.
He also noted that the GHMC had been inadequately funded in the previous budget, receiving only minimal amounts despite its substantial proposals.
Metro Expansion and Satellite Townships:
A comprehensive ₹24,042 crore plan has been proposed for five new Metro corridors, extending the network by 78.4 km. This expansion will link the Metro to the Old City and the airport, with new interchange stations at Nagole, LB Nagar, and Chandrayangutta. Additionally, satellite townships around Hyderabad will be promoted to alleviate traffic congestion and offer affordable housing options.
Disaster Management:
To effectively manage urban disasters, the government has established HYDRAA, which will collaborate with state and external agencies for disaster prevention and asset protection in the Telangana Core Urban Region (TCUR), which encompasses 48.6% of the state's population.
Key Allocations Recap:
- Metro Corridors Expansion: ₹24,042 crore
- GHMC: ₹3,065 crore
- HMWSSB: ₹3,385 crore
- HYDRAA: ₹200 crore
- Musi River Project: ₹1,500 crore
- HMDA: ₹500 crore