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The Hindu
The Hindu
National
Swathi Vadlamudi

GHMC to take bonds route for SRDP, yet again

GHMC Bonds

The Greater Hyderabad Municipal Corporation (GHMC) may soon go for another round of bonds issue to fund the ongoing components of the Strategic Road Development Plan (SRDP), the flagship infrastructural development programme towards promoting signal-free commute in the city.

The civic body has received the government’s nod to issue bonds worth ₹1,000 crore to raise funds for the scheme, and so far, it has raised funds to the tune of ₹495 crore through the route, in three phases. In 2018, the bonds were issued twice, in February and again in August, for amounts of ₹200 crore and ₹195 crore respectively.

The following year, bonds worth ₹100 crore were issued, taking the total amount raised to ₹495 crore.

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