For ongoing SRDP works, funds hard to come by

One third of the estimated budget of ₹2,100 crore is expenditure to be incurred on property acquisition

August 21, 2019 12:20 am | Updated 08:22 am IST - HYDERABAD

An under-construction flyover that connects Nanakramguda with Hi-Tec City and Gachibowli as part of the State government’s ambitious Strategic Road Development Plan. File photo

An under-construction flyover that connects Nanakramguda with Hi-Tec City and Gachibowli as part of the State government’s ambitious Strategic Road Development Plan. File photo

Flyovers, road widening works and underpasses across various locations in the city eagerly await funding from GHMC under the much publicised flagship programme of the Telangana government, the Strategic Road Development Plan (SRDP) for signal-free traffic.

The ₹100 crore raised by GHMC through third instance of municipal bond issue may not suffice the gargantuan task ahead, as the property acquisition for the ongoing works alone could run into hundreds of crores of rupees.

Works are in progress at least in eight locations, and inconvenience caused to the public by the ongoing operations is bound to continue till the structures are in place.

Some stalled, some over

As of now, the works have been grounded at L.B. Nagar, Madhapur, Jubilee Hills, Durgam Cheruvu, Shaikpet, Kothaguda, Owaisi Hospital junction and Bahadurpura. At a few locations such as Durgam Cheruvu and Madhapur, the works are fast reaching completion stage.

These are apart from seven structures completed under the project in Madhapur and L.B. Nagar, including four flyovers and three underpasses.

The estimated cost of the ongoing structures alone stands at over ₹2,100 crore, and the expenditure incurred up to July-end stands at over ₹800 crore. Of the estimated cost for the ongoing works, about ₹700 to ₹800 crore pertain to the expenditure to be incurred on property acquisition. Already, cheques worth ₹125 crore have been prepared and awaiting distribution to the property owners, informed officials.

“Even if part of the acquisition is done through issue of transferable development rights, we will still need ₹500-600 crore for acquiring properties alone at the ongoing project locations. Without distribution of cheques, we cannot take hold of the property or demolish it. We are waiting for availability of funds to go ahead with distribution,” said a senior official.

Besides, payments to the contractors worth ₹40-60 crore are pending with GHMC, owing to which works have been stalled at multiple locations, officials said, adding that the works need to be prioritised within the ₹100 crore raised through bond issue.

Other than these, there are also works proposed but stalled owing to lack of environmental sanctions, and works at tender stage, and for which administrative sanctions have been given, besides works for which detailed project reports are under way.

Construction proposed

Under SRDP, the corporation is proposing construction of a series of flyovers, underpasses, elevated corridors and skyways, besides developing major expressways with an expenditure of ₹25,000 crore.

On the cards are 54 grade separators including flyovers and underpasses, elevated corridors and skyways of 111 km, and improvement of 166 km of major corridors and 350 kms of main roads. Of these, works worth ₹3,200 crore have been launched.

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