Is the delay in providing counter guarantee by the State government for the HUDCO loan of Rs. 1,500 crore holding up phase III of the Krishna drinking water project? This seems to be the case. Though it is a mere formality, the government is taking its own time in providing the counter guarantee. The concerned file is still pending in the Finance Department, it is said.
Only after the government gives assurance, HUDCO will release the promised money to the Water Board.
However, the Board is all set to commence various components of the project next month. Chief Minister N. Kiran Kumar Reddy is likely to lay the foundation stone at Sahebnagar in the first week of February.
Right now, the Board is busy signing the concluding agreement with the firms selected for executing the Rs. 1,670 crore project. A total of 24 infrastructure firms have been chosen to execute the Krishna Phase III project divided into 10 packages for drawing an additional 90 mgd of water to the city.
via The Hindu Newspaper http://www.thehindu.com/news/cities/Hyderabad/counter-guarantee-hitch-for-krishna-phase-iii-project/article4356976.ece
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