GHMC gets Rs 25 billion loan for SRDP

January 3, 2020

The State Bank of India (SBI) has sanctioned a Rs 25 billion term loan to the Greater Hyderabad Municipal Corporation (GHMC), under the Strategic Road Development Plan (SRDP). The loan is payable over 15 years at an interest rate of 8.65 per cent. The GHMC has listed 24 components of the SRDP under the loan. This is the first time that the GHMC is exploring the loan option from the funding plan sanctioned by the government, after having opted for bond issuances three times.