Hyderabad, July 9 -- The Telangana government on Thursday, July 9, sanctioned Rs 7,345.12 crore to the Musi Riverfront Development Corporation Limited (MRDCL) for carrying out works on two priority stretches in Zone-1 covering about 21 km.

The Zone-1A stretch covers 9.20 km from Himayat Sagar to Gandhi Sarovar/ Bapu Ghat. Along with operation and maintenance costs, work on the entire stretch will cost a total of Rs 3,232.01 crore.

The Zone-1B stretch, covering 11.80 km from Osman Sagar to Gandhi Sarovar, will cost Rs 4113.11 crore along with operation and maintenance costs.

The 7,345.12 crore sanction includes a Rs 4,500 crore (USD 500 million) loan from the Asian Development Bank and a Rs 2,845.12 crore grant from the state government...