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Centre clears 4,100 crore ADB loan for Musi project
The Morning Standard
|September 22, 2025
Approval follows CM Revanth Reddy's talks with bank representatives
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IN a boost for the state's proposal to rejuvenate and develop the Musi river, the Union government has approved a loan from the Asian Development Bank (ADB) for the Musi Riverfront Development Project.
As per the agreement with the state government, ADB will disburse 4,100 crore in the first phase.
Top sources said a consortium comprising Meinhardt, Cushman & Wakefield, RIOS, ZHA and SOM will submit Detailed Project Reports (DPRS) and detailed plans within two weeks. The approval followed Chief Minister A Revanth Reddy's talks with ADB representatives in New Delhi.
Acting on his instructions, municipal administration officials also held discussions with Finance Ministry officials.
This story is from the September 22, 2025 edition of The Morning Standard.
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