Special purpose vehicle to get funds for Musi project

January 17, 2017 08:21 pm | Updated 08:21 pm IST - HYDERABAD: The

Telangana government intends to launch a special purpose vehicle to garner funds for beautification and rejuvenation of the Musi river.

Telangana Minister for Municipal Administration and Urban Development (MAUD) K.T.Rama Rao announced this in the Assembly during a short discussion on ‘Developmental activities in Greater Hyderabad Municipal Corporation limits’ here on Tuesday.

Only 50 per cent of the 1,400 MLD of sewage water was being treated before being let into the Musi now, which was polluting the river and the areas downstream, he said, acknowledging the charge of legislator Komatireddy Venkat Reddy who had spoken earlier.

The Musi Beautification and Rejuvenation project would require funds to the tune of Rs.4,000 crore which would be procured by the SPV to be named Musi River Corporation. Also, expressways would be developed alongside the river, and more bridges would be constructed over it, he said.

In a statement of 15 pages circulated in the House, he said a 2,200-mm dia trunk sewer main was laid along the Necklace Road for diversion of sewage downstream of Hussain Sagar, and that sewage treatment plants with a capacity of 610 MLD were proposed to be constructed at 10 locations at a cost of Rs.1,200 crore.

It was proposed to take up annuity mode of contracts for implementation and works would commence in the next financial year, he said.

In another announcement, Mr.Rama Rao said the government was imposing ‘super structure tax’ on illegal constructions, with the caveat that the payment of tax did not entitle the tax payer to any property rights thereof.

“Those constructing illegal structures on government lands are paying property tax, power and water bill, and claiming ownership of the property later. To contain this, we are levying super structure tax with no entitlement benefits,” he told the House while answering members’ questions.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.