The Telangana State government on Friday accorded administrative sanction for the Greater Hyderabad Municipal Corporation (GHMC) proposal of taking up multi-level flyovers and junctions at 20 busy corridors of the city as part of Strategic Road Development Plan (SRDP) first phase.The bidding parameter would be semi-annuity instalment while allowing joint venture with maximum of three partners duly insisting for minimum of 26 per cent equity for each partner.
Accepting the suggestions of a high-level committee which examined the GHMC proposals, the orders issued on Friday by the Municipal Administration & Urban Development (MA&UD) Department state that the project should be completed in 2.5 years. According to the orders, the SRDP is to be taken up with EPC tenders with deferred annuity payments and said tenders could be called for proposed works and agreements made with selected bidders in respect of works where 100 per cent of right of way was available.
The government on May 30 had issued orders in principle approving the project first phase costing an estimated Rs.4,051 crore, including civil works and land acquisition for development of multi-level flyovers and junction improvements at 20 corridors.
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