The New Indian Express ·
Telangana government okays Rs 3K cr loan for HMWSSB
HYDERABAD: The Telangana government has approved a guarantee for a Rs 2,944 crore term loan sanctioned by the Housing and Urban Development Corporation Limited (HUDCO) to the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB).
The loan will fund works under the Godavari Drinking Water Supply Scheme, Phases II and III, and the filling of Osmansagar and Himayatsagar reservoirs as part of efforts to rejuvenate the Musi river.
The government will execute the guarantee deed prescribed by HUDCO. HMWSSB will pay a 2% guarantee commission to the state government as per RBI guidelines.
