HMDA presses Telangana government to release funds for ORR loan repayment
Updated Feb 22, 2021, 9:01 am IST
The HMDA said that it had not received a penny in the past four financial years despite spending Rs 332.58 crore every year from its kitty
The state borrowed Rs 332.58 crore from the Japan International Cooperation Agency (JICA) but did not channel funds to the municipal authority in the last four financial years. By arrangement
Hyderabad: The Hyderabad Metropolitan Development Authority (HMDA) is knocking on the doors of the state government, seeking repayment of the money it spent for the construction of the Outer Ring Road (ORR). The HMDA had borrowed the money, and needs to repay it.