Latest news with #TelanganaUrbanFinanceInfrastructureDevelopmentCorporation
The Hindu
4 days ago
- Business
- The Hindu
TUFIDC scouting for agency to help finance ₹1,500 crore civic works in urban bodies
Five consultancy firms have attended the pre-bid meeting of the Telangana Urban Finance Infrastructure Development Corporation (TUFIDC) to select an agency to provide 'transaction advisory services for bankable projects' in urban areas in Telangana. The institute under the Department of Municipal Administration and Urban Development is looking for an agency that can help source funds to the tune of up to ₹1,500 crore at a low rate of interest for funding basic civic infrastructure works in the 130 municipalities outside the Outer Ring Road (ORR). The civic amenities Commissioner and Director of Municipal Administration T.K. Sreedevi informed that the government wants to make use of the funds, mostly likely to be sourced from local development banks or multilateral agencies, for taking up key civic amenities like sewerage network, internal and connecting roads, drinking water supply, waste management system, streetlights and so on. 'We have seen big ticket real estate projects grounded even before the local municipal authorities were ready with the necessary civic infrastructure with basic amenities. Chief Minister A. Revanth Reddy is keen to change this and make the newbie urban and semi-urban local bodies ready for future urban growth,' she explained. Development of bankable projects is crucial to bridge the growing infrastructure financing gap with sustainable growth. But the traditional funding sources like budget allocations are not sufficient. Hence the lookout for alternate funding method, it was pointed out. The department is looking for a specialised agency with five years experience in handling two urban development infrastructure projects like water supply, sewerage, lake or water body redevelopment or conservation, solid waste management and others, worth at least ₹100 crore. Tasks of the selected agency The selected agency will have to look at bankable projects covering financial modelling, evaluate identified projects, help in selection of a developer, provide project management and monitoring support. The term of contract will be for three years with the method of evaluation being a four stage process. Bid to be opened on June 16 Through the agency, the government also intends to tap the funds from the ₹1 lakh crore Urban Challenge Fund (UCF) announced by the Centre in the budget for taking up civic infrastructure works in the municipal areas. The fund has 25% grant, 50% is to be sourced through a public private partnership (PPP) mode/ bank loans and 25 % from the local municipal authority or State government, making it ripe for seeking monies which hitherto was mostly from loans, pointed out Ms. Sreedevi. The final bids for selecting the agency will be opened on June 16.
Hans India
05-05-2025
- General
- Hans India
Finally! Madhira town's long-standing dream comes true
Khammam: Deputy Chief Minister Bhatti Vikramarka performed the bhoomi puja to mark the beginning of construction work for the underground drainage near the YSR statue in Madhira town. Speaking on the occasion on Sunday, Bhatti informed that the work has been started with a sanction of Rs 128 crore to fulfil the long-standing desire of the people to establish underground drainage in Madhira town. He said that the government will take steps to provide better basic facilities to the people in the town. 'The construction of the underground drainage project in Madhira town has been undertaken with a cost of Rs 128 crore, and the funds for this are being raised through the Telangana Urban Finance Infrastructure Development Corporation,' the Deputy Chief Minister said. The Dy CM said that as part of the underground drainage, a 99.56 km long sewerage pipeline, connections to 6,638 houses, and four sewage treatment plants are being constructed. A 5 MLD STP will be constructed on Rayapatnam Road at the old dumping yard, a 0.9 MLD STP in Madupalli, a 0.4 MLD STP at Madhira Lake in Amberpet, and a 0.5 MLD STP at the Illandulapadu Sub-Registrar Office. Major storm water drains and RCC retaining wall will also be constructed. Bhatti instructed concerned officials to complete the installation of EMS equipment, and that these works will be completed within two years. The construction company will have to maintain the works for 5 years after the completion in order to undertake the underground drainage works in Madhira town with quality. He said that the concerned officials should continuously monitor the underground drainage construction works and ensure that there is no compromise on the quality standards. He said that the construction of underground drainage will improve the health of the city residents, reduce the spread of seasonal diseases, and contribute to increasing sanitation and greenery in the town. Wyra MLA Malothu Ramdas Nayak, State Warehouses Corporation Chairman Rayala Nageswara Rao, Khammam RDO Narasimha Rao, DCC President Puvvala Durga Prasad, and others present on the day.
