The New Development Bank (NDB) is set to finance two significant elevated corridor projects in Hyderabad, with an agreement between the bank and the Telangana state government expected to be signed soon. The two projects include the Paradise to Shamirpet corridor along the Outer Ring Road and State Highway-01, and the Paradise to Dairy Farm Road corridor along National Highway-44. These infrastructure projects aim to ease traffic congestion and improve connectivity in the rapidly growing capital city.
The total project cost is estimated at ₹5,106 crore, with the NDB contributing ₹3,574 crore, which accounts for 70 percent of the funding. The remaining 30 percent, amounting to ₹1,532 crore, will be borne by the state government. This funding arrangement is particularly advantageous as the interest rates offered by the NDB are lower than those provided by Indian commercial banks, making it a cost-effective financing option for the state.
The Paradise to Shamirpet elevated corridor will run along the Outer Ring Road (ORR) and State Highway-01, providing a crucial link for commuters traveling to the northern parts of the city and beyond. The Paradise to Dairy Farm Road corridor along NH-44 will serve as a vital connection for traffic moving towards the northern regions of Telangana and neighboring states. Both corridors are expected to significantly reduce travel time and alleviate congestion on existing roads.
The New Development Bank, established by BRICS nations, has been actively supporting infrastructure development projects across member countries. The bank’s involvement in Hyderabad’s infrastructure development marks a significant step in enhancing the city’s transportation network. With the agreement expected to be finalized soon, the projects are anticipated to move forward into the planning and execution phases, bringing much-needed relief to the city’s growing traffic challenges.
