Four banks comes forward to fund ORR Phase I project

22 companies in race to get tender

A consortium of four banks viz., Andhra Bank, Indian Overseas Bank, Bank of Baroda and Vijaya Bank has agreed to loan Rs.500 crores to execute the 24 km the Phase I of the Outer Ring Road project. The works starting from Gachibowili to Shamshabad International Airport will be grounded on June 1.

The Hyderabad Urban Development Authority (HUDA) has called for financial bids to execute the Phase I works from 22 national and international companies which had qualified for the project in pre-qualification tender process. The lowest bidder would be given the contract.

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Four banks comes forward to fund ORR Phase I project
22 companies in race to get tender

Events and happenings on 13 April in History

13 April 2001
Highlights: Minister S Aruna inaugurates Primary Health Center.

13 April 2002
Highlights: Telugu New Year's Day Celebrated

13 April 2003
Highlights: Three naxals surrenders

13 April 2004
Highlights: Police unearthed 3 PWG dumps

13 April 2005
Highlights: Naxals couple surrenders in Kurnool

13 April 2006
Highlights: Couple committed suicide

13 April 2007
Highlights: Noted writer Vasireddy Sitadevi passes away