The Cyberabad Municipal Corporation Standing Committee has approved the creation of a Special Purpose Vehicle for the integrated development and rejuvenation of the approximately 140-acre Durgam Cheruvu lakefront, opening the way for a separate project structure and potential loan funding for the work.
The proposal was cleared at the committee’s meeting on Monday. The SPV, also referred to as a Special Purpose Entity, is intended to oversee the lakefront’s development and rejuvenation as a separate project. The proposal allows loans to be availed for the lake’s rejuvenation after the entity is constituted.
The decision comes alongside approvals for drainage, lake restoration and municipal infrastructure works across the corporation’s jurisdiction. The committee approved construction of the balance stretch of a box drain from Trendz Junior to Vashinavi Pride Apartment. The drain will connect with the existing box drain under Kukatpally Zone and will be taken up under the Strategic Nala Development Programme at an estimated cost of ₹5.95 crore.
The committee also approved the rejuvenation and development of Chintal Kunta Lake. The work, estimated at ₹21.59 crore, will include desilting, embankment protection, water quality restoration and construction of a box drain at Narlakunta Lake. The approved scope places drainage and lake restoration within the same set of municipal decisions.
Other projects cleared at the meeting include construction of the Gajularamaram Circle Office building at an estimated cost of ₹5.18 crore and development of a model road from Hindu Muslim Graveyard to the Allwyn Colony Circle Border at an estimated cost of ₹2.95 crore.
The committee also ratified a Memorandum of Understanding with T-Works Foundation for innovation, prototyping and technology-led solutions to municipal challenges. Proposals related to construction and demolition waste management, biodiversity, municipal infrastructure, energy management and civic services were also approved.
The decisions include measures concerning the Jeedimetla construction and demolition waste processing facility and the reconstitution of Biodiversity Management Committees at the municipal level. The approvals therefore cover both physical infrastructure and institutional measures linked to civic service delivery.
The Standing Committee meeting was chaired by Jayesh Ranjan, Special Chief Secretary for the metropolitan area and urban development within HMDA limits. CMC commissioner G. Srijana and other officials attended the meeting.
The immediate next step for the Durgam Cheruvu project is the constitution of the SPV, after which the lakefront rejuvenation project will be pursued as a separate undertaking and loan funding may be considered.
