New Development Bank funds Hyderabad elevated corridor project
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The New Development Bank has approved US$395 million for an elevated corridor project in Hyderabad, aimed at modernizing urban transport infrastructure. This initiative will enhance capacity along National Highway NH-44 and State Highway SH-1, addressing increased traffic due to rapid urban growth. Improved transport links are expected to significantly reduce travel times in the city.
• Funding of US$395 million
• Focus on key highways: NH-44 and SH-1
• Aims to alleviate traffic congestion and improve connectivity
Not investment advice. For informational purposes only.