3 weeks ago

Centre Approves Telangana's ₹4,000-Crore Urban Plan for World Bank Funding

Centre Approves Telangana's ₹4,000-Crore Urban Plan for World Bank Funding
Centre Approves Telangana’s ₹4,000-Cr Urban Transformation Plan for World Bank Funding · deccanchronicle.com

The Indian government's money experts said they want to look more closely at a plan from Telangana, a state in India.

The plan is meant to make the state's cities nicer places to live and work.

It would cost about ₹4,000 crore, which is a very big amount of money.

Most of that money, about ₹2,800 crore, would come from the World Bank, a big group that lends money to help countries.

The money would be used to fix things like clean water pipes, sewage systems, and drains, and to make it easier for people to get around.

It would also help cities be ready for heavy rain and hotter weather caused by climate change.

Parks and other public spaces would be improved too.

Another part of the plan helps city governments handle money better and use computers and the internet for services.

This could help create jobs and make the area's economy stronger.

The plan still has to pass more checks before the money can be given.

Key facts

Programme outlay
$430 million (about ₹4,000 crore)
Proposed World Bank financing
$301 million (about ₹2,800 crore)
Approving body
Department of Economic Affairs (DEA) screening committee
Meeting
166th DEA screening committee meeting, August 7
Proposal reference
PPR-22928
Focus areas
Tier-II and Tier-III cities in Telangana
Key sectors
Water supply, sewerage, stormwater drainage, urban mobility, blue-green projects, climate resilience, public spaces
Other objectives
Digital governance, city economic regions, regional connectivity, private investment and employment

Sources

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