10 hrs ago
Cyberabad Committee Approves Durgam Cheruvu Lakefront Development SPV
A city committee in Cyberabad approved a plan to improve the area around Durgam Cheruvu lake.
It plans to create a separate organization, called an SPV, to manage the lakefront project.
Once it is formed, that organization may be able to borrow money for the work.
The committee also approved money for drains, a circle office and a model road.
It approved plans to clean and protect Chintal Kunta Lake and build a drain at Narlakunta Lake.
Other decisions covered waste, biodiversity and municipal services.
Jayesh Ranjan chaired the meeting, and CMC commissioner G. Srijana attended.
The Cyberabad Municipal Corporation Standing Committee approved forming an SPV for the integrated development and rejuvenation of about 140 acres at Durgam Cheruvu lakefront.
The separate project could seek loans for rejuvenation after the SPV is formed.
Approved works include a ₹5.95 crore box drain extension and a ₹5.18 crore Gajularamaram Circle Office building.
The committee approved a ₹2.95 crore model road and ₹21.59 crore in works for Chintal Kunta Lake and a box drain at Narlakunta Lake.
Other approvals covered municipal innovation, C&D waste management, biodiversity, infrastructure, energy management and civic services.
- Who
- The Cyberabad Municipal Corporation Standing Committee, chaired by Jayesh Ranjan; CMC commissioner G. Srijana and others also attended.
- What
- The committee approved forming an SPV for Durgam Cheruvu lakefront development and several other municipal works and proposals.
- Where
- Cyberabad, including Durgam Cheruvu and other municipal project locations.
- When
- Monday; no calendar date was stated.
- Why
- The SPV is intended to support integrated development and rejuvenation of the lakefront; the other approvals address municipal infrastructure and services.
Proposal
Decision
Durgam Cheruvu lakefront SPV
Proposal
The proposal would establish a separate SPV for integrated lakefront development and rejuvenation, with loans potentially available after its formation.
Decision
The CMC Standing Committee approved the proposal; the article does not report objections or opposing views.
Key facts
- Durgam Cheruvu project area
- Approximately 140 acres
- Box drain extension estimate
- ₹5.95 crore
- Gajularamaram Circle Office estimate
- ₹5.18 crore
- Model road estimate
- ₹2.95 crore
- Chintal Kunta and Narlakunta works estimate
- ₹21.59 crore
- Committee chair
- Jayesh Ranjan, Special Chief Secretary for metropolitan area and urban development (HMDA limits)
- Innovation agreement
- MoU with T-Works Foundation for innovation, prototyping and technology-led solutions to municipal challenges was ratified.
Sources
Related news
HYDRAA Rushes Lake Restoration Works Ahead Of Dasara
Uppal Nalla Cheruvu Restoration Expected To Open In November
Tirupati to Revamp Three Water Bodies With Rs 1.30 Crore
Durgam Cheruvu Closed for Maintenance Amid Sewage Concerns
Pawan Kalyan Announces Rs 1,500 Crore Pithapuram Development Push
Panvel Panel Approves Water, Sewage And Safety Projects
Wikimedia Links OpenAI Agents to May Data Service Disruption
Sasihithlu Beach Cleanup Collects 12.75 Tonnes of Waste
Banned Wikipedia Editor Accused of Spreading Islamic Golden Age Myths
Alva’s, Residents Join Hejamadi Beach Cleanup for Environmental Awareness
