Water Board plans to float bonds

Highlights

Water Board plans to float bonds. Taking a cue from the Karnataka Urban Infrastructure Development and Finance Corporation, Hyderabad Metropolitan Water Supply and Sewage Board (HMWS&SB) is planning to float bonds, in a bid to procure funds for key projects.

Taking a cue from the Karnataka Urban Infrastructure Development and Finance Corporation, Hyderabad Metropolitan Water Supply and Sewage Board (HMWS&SB) is planning to float bonds, in a bid to procure funds for key projects. Sources say that this plan was discussed with the Chief Secretary, in a review meeting held on Monday.

The HMWS&SB authorities have impressed upon the Chief Secretary that these bonds would help in raising funds for key projects. Apart from the bonds the other issues discussed in the meeting were: increase in new connection charges, reduction of electricity tariffs, cooperation of R&B, Panchayat Raj, Municipal and Railway authorities in the pipeline works, decrease in transmission losses from 47 per cent to 40 per cent, ensuring the release of Rs 165 crore earmarked in the budget for Krishna Phase-III works.

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