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ADB Says No Concept Note Filed for Musi Riverfront as Funding Talks Remain Preliminary

The bank emphasized that any decision will follow its new safeguards-driven due diligence.

Overview

  • During a Friday meeting with Musi Jan Andolan, the visiting ADB team said Telangana has not submitted a formal concept note and that no definitive agreement exists on scope or financing.
  • ADB described the Hyderabad visit as a clarification exercise with MRDCL focused on shaping a concept note that would precede any formal appraisal.
  • Campaigners presented media reports citing an in‑principle ₹4,100 crore loan, but ADB reiterated that funding terms have not been settled.
  • Delegates discussed the bank’s newly adopted Environmental and Social Framework and indicated rigorous due diligence would follow only after a formal proposal.
  • The team conducted low‑key site visits on Thursday across Musi basin locations as civil society pressed for public DPR and EIA, remedies for families displaced in 2024, and a credible pollution control plan.