The has in principle agreed to extend Rs 4,100 crore (USD 500 million) to the Telangana Government for some parts of phase-I of Musi River Development Project, Minister D Sridhar Babu said on Friday. Replying to a query during the question hour in the Assembly, Sridhar Babu said the state government has also sent a preliminary project report to the Ministry of Jal Shakti seeking Rs 3,188 crore under the National River Conservation Plan for the Musi river project. "The entire project has been divided into five zones. DPR for Zone I is in progress. Of the total 55 Km in Zone-I, 21 Km in the first phase is being undertaken by Musi Riverfront Development Corporation (MRDCL). Asian Development Bank (ADB), in principle, agreed to extend a loan of Rs 4,100 crore ( USD 500 million)," the Industries Minister told the Assembly. A consortium of Singapore's independent engineering firm Meinhardt, as a lead member and Cushman & Wakefield India, and RIOS design Studio has been appointed to ...