Hyderabad: The long-pending 340-km Hyderabad Regional Ring Road (RRR) project is set to get a boost in the upcoming State Budget. As part of the budget preparatory meetings, Chief Minister K. Chandrashekar Rao has directed officials to sanction the required funds for the project which is estimated to cost Rs 15,980 crore.
Official sources said the funds sanctioned in the Budget will be utilised for land acquisition. The state government has agreed to pay 50 per cent of land acquisition cost while the Centre will bear the other half, they added.
The project will improve connectivity between ORR and major urban clusters around Hyderabad.
It comprises two parts — a Rs 9,500 crore northern part and a Rs 6,480 crore southern portion. The Centre granted in-principle approval for the northern part on February 22 while it assured that it would consider approval for the southern part later.
Union minister Nitin Gadkari assured that the RRR will be built in three years,…