Govt. poses $1.9 billion worth infra projects to ADB seeking its financial assistance

Key Points

1. Telangana government seeks assistance from multilateral financial institutions for TelanganaRising 2047 vision.
2. Projects worth $1.9 billion posed to the Asian Development Bank (ADB).
3. Five projects with estimated cost of less than $500 million each have been prioritised.
4. Musi rejuvenation project worth close to ₹6,000 crore submitted to the Department of Economic Affairs (DEA).
5. ₹4,100 crore proposed to be raised through external funding for Musi rejuvenation project.
6. DEA has given consent for the Musi project after seeking clarifications.
7. Projects include metro rail expansion, roads on hybrid annuity model, skill and sports universities, e-buses for TSRTC, and solar powered pumpsets for agriculture.