The project is proposed to be taken up as a joint venture between the Telangana and central governments.
Published Nov 02, 2024 | 9:02 PM ⚊ Updated Nov 02, 2024 | 9:02 PM
Hyderabad Metro's expansion plan was accorded administrative sanction on Saturday.
The Telangana government has given administrative sanction for Hyderabad Metro Rail Project’s 76.4 km Phase -II at an estimated cost of ₹24,269 crore.
The project is proposed to be taken up as a joint venture between the Telangana and central governments.
The Municipal Administration and Urban Development Department accorded the financial approval for the project on Saturday, 2 November.
The government said in its (GO 196), that in the light of the experience of Phase-I, it reviewed the earlier approved Phase-II proposals and reworked them.
The main objective of the exercise, the GO said, is to cater to the needs of different sections of society and to spur equitable growth in all parts of the city.
Based on updated traffic studies and several rounds of discussions, six new corridors have been identified for the Phase-II expansion project.
The details of the Phase-II expansion corridors are:
Part A:
Total length: 73,4 km
Part B:
Corridor IX: RGIA – Fourth City (Skill University): 40.0 km
Grand Total: 116.4 km.
Among the above-identified Phase-II corridors, Corridor IX (Shamshabad RGIA – Fourth City) alignment, other features, cost estimates, etc., are being worked out and field surveys are in progress.
Part A of the project will be executed by Hyderabad Airport Metro Limited as a 50:50 Joint Venture (JV) Project of the Government of Telangana and Government of India with an estimated cost of ₹24,269 crore (state’s share – ₹7,313 crore (30%), Centre’s share – ₹4,230 crore (18%), Debt from JICA, ADB, NDB, etc – ₹11,693 crore (48 %), and PPP component – ₹1,033 crore (4%)).
The government said that the GO was issued after considering the importance of the metro rail in reducing traffic congestion and pollution levels in Hyderabad city.
Phase-I of the project, covering three dense traffic corridors of Hyderabad city and spanning over 69 km with a cost of about ₹22,000 crore is the world’s largest Metro Rail project in Public Private Partnership (PPP) mode.
With state-of-the-art technologies and world-class amenities, the system has become very popular and about five lakh passengers are using it for their daily commute.
(Edited by Majnu Babu).
