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Hyderabad , Nov. 14

THE Union Ministry of Urban Development has released funds to the tune of Rs 91 crore for various on-going projects in Hyderabad.

The Ministry has released Rs 23.5 crore for the Megacity project, Rs 23.64 crore for the Valmiki Ambedkar Awas Yojana, Rs 25.42 crore towards the National Slum Development Project and Rs 18 crore as an urban reforms incentive fund.

Disclosing this at a press conference here on Friday, the Union Minister of State for Urban Development, Mr Dattatreya, said the Department of Economic Affairs had, in principle, agreed to give tax-free municipal bonds for Rs 50 crore as sought by the Hyderabad Metropolitan Water Supply and Sewerage Board.

The Department had also agreed to extend similar bonds for an equal amount for the Visakhapatnam Water Supply Scheme.

This apart, he said, Rs 2.59 crore was sanctioned for Integrated Development of Small and Medium Towns in the State. For the Rs 206, Netherlands assisted Green Hyderabad programme, he had requested the Union Government to permit the implementation of the project. The Centre was expected to take a decision in this regard on Monday.

Mr Dattetreya said the proposed Rs 350-crore project for development of infrastructure in the slums of Hyderabad and also the Rs 100-crore project for infrastructure development in slums in the old city would be posed for external aid at the meeting of the External Aid Committee to be held next week.

The water supply and sewerage schemes for Hindupur, Jangoan and Kakinada municipalities, involving an investment of Rs 150 crore, would also be posed for external aid.

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