Monday, June 17, 2024
    HomeTelanganaPrivatization of ORR in Hyderabad

    Privatization of ORR in Hyderabad

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    The government of Telangana has decided to lease out Nehru ORR (Outer Ring Road) to IRB Infrastructure Developers Ltd for 30 years. This will give the government Rs 7,380 crore in revenue. The agreement is based on Toll, Operate and Transfer (TOT), and the ownership of the asset remains with the state government. This will help the government utilize private sector investment for new infrastructure creation.

    Chief Minister K Chandrashekar Rao believes that this transaction will boost investment opportunities and open doors for many other infrastructure and state development projects. Minister for MA&UD and Industries K T Rama Rao said that Telangana has emerged as one of the most favorable states for investment due to industry-friendly policies and a supportive environment. He claimed that the state holds immense potential for investors and entrepreneurs alike.

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    The 30-year TOT agreement will bring in significant revenue for the state and give a boost to the overall infrastructure development in the region. It indicates the confidence investors have in the government and arises from the robust growth of Hyderabad and the pro-investor policies of the BRS government.

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    Rajesh M
    Rajesh M
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