ADB Approves Rs.4,100 Crore Loan for Musi Riverfront Development in TelanganaOn 2nd January 2026, D. Sridhar Babu, Minister for Industries and Commerce, Government of Telangana, announced that the the Asian Development Bank (ADB) has granted in-principle approval for a Rs. 4,100 crore (USD 500 million) loan to the state government for Phase-I of the Musi Riverfront Development Project, which seeks to rejuvenate the Musi River, enhance ecological health, and develop the riverfront as a vibrant socio-economic corridor.
About Phase-I of Musi River Development Project:
Objective: Enhance ecological, social, and economic aspects of the Musi riverfront in Hyderabad, Telangana.
Coverage: Phase-I covers 21 kilometres (km) of Zone-I, stretching from Osman Sagar (Gandipet) to Bapu Ghat and Himayatsagar to Bapu Ghat, out of the total 55 km project length.

• The overall Musi River development has been segmented into five zones for phased execution.

Implementation: Executed by Musi Riverfront Development Corporation Limited(MRDCL), a Special Purpose Vehicle (SPV) of Telangana government, with Detailed Project Report (DPR) prepared by a consortium led by Singapore-based Meinhardt along with Cushman & Wakefield India and RIOS Design Studio.
Timeline: Phase-I works to begin after cost estimates finalization by 31st March 2026.
Bapu Ghat Redevelopment: Under this project, the Telangana government will redevelop Bapu Ghat and the adjoining Gandhi Sarovar into a major riverfront landmark, with special emphasis on the Mahatma Gandhi memorial.