Hyderabad, Jan. 13 -- The Hyderabad Metropolitan Development Authority (HMDA) is planning to raise funds for infrastructure projects in the city, including an cable bridge across the Mir Alam Tank.

The urban planning agency is aiming to mobilize Rs 20,000 crore within the next 18 months.

Fundraising through bonds

As the state government is unable to provide financial support for these projects, HMDA is aiming to raise funds by issuing bonds in the debt market.

HMDA plans to secure Rs 5,000 crore in the next four months as part of this initiative.

The agency has invited proposals for appointing an advisor-cum-merchant banker to guide and manage the financial assignments related to the project.

Key Projects

HMDA is prioritizing sever...