Telangana to Assume ₹5,000 Crore GHMC Debt
HYDERABAD: In a significant relief for the Greater Hyderabad Municipal Corporation (GHMC), which has struggled with debts for years, the state government has agreed to assume liabilities totaling Rs 5,000 crore. This decision is anticipated to strengthen the debt-laden municipal corporation financially. Most of these liabilities resulted from projects including flyovers under the Strategic Road Development Programme (SRDP), the Comprehensive Road Maintenance Programme (CRMP), stormwater drainage improvements, and various urban development initiatives. “After assessing the existing debts, liabilities, and assets, it was recommended that the state government take on these long-standing financial commitments. This initiative is aimed at relieving the…