Telangana CM KCR said Hyderabad city will developed a rapid transformation into a global city in the next five years and will be developed on the lines of Dallas of the United States.
In an interaction with the people of city through a television channel, the Chief Minister said the first phase of reshaping Hyderabad would be launched soon with an investment of Rs 1,250 crore and the Greater Hyderabad Municipal Corporation (GHMC) will take up the works.
First phase of reshaping the capital city at a cost of `1,250 crore to begin soon; Infrastructure giant Aecom to study the project
He said the entire project was likely to cost the government a whopping Rs 10,000 crore. Aecom, an internationally renowned infrastructure company having its presence in about 800 cities all over the world, was entrusted with the task of studying the city situation to suggest modifications. KCR said that reshaping Hyderabad had come to his mind after he had realized that the roads were being inundated even for a small rain. He said encroachment of nalas had led to this situation.
The GHMC Commissioner had reported that to redesign the nalas as per the present conditions, Rs 10,000 crore was needed. The CM said that the works would be taken in phased manner and would complete reshaping the city in five to six years. In the first phase, a skyway would be built from Jubilee Bus Station to Tumkunta on the Karimnagar–Hyderabad highway to ease the problems of the travelers between them and four more would come soon.
KCR also reiterated his commitment to clean up historic Hussainsagar lake and develop it into an international tourist spot. The government was contemplating construction of an global convention centre on the lines of Opera House in place of Ravindra Bharati, besides constructing a multi-storeyed Telangana Kala Bhavan at NTR Stadium at Domalguda. He sought the cooperation of the people in taking up the works as they would cause demolitions. The Chief Minister said that the affected would be given double compensation.
KCR said that several investors were ready to come to Hyderabad to establish industries and informed that Wipro’s Azim Premji expressed keen interest in setting up its unit in Hyderabad. He said that to attract the investors, development of infrastructure was needed. He said that the investors are looking towards Hyderabad as Bangalore has reached a breaking point. “It is taking three hours to reach the airport in that city,” he said.