The central government and Telangana government jointly owned ₹8,453-crore project is to be implemented with external financial assistance.
Published Nov 14, 2022 | 8:34 PM ⚊ Updated Nov 14, 2022 | 8:35 PM
Hyderabad metro. (Wikimedia Commons)
Municipal Administration and Urban Development (MA&UD) Minister KT Rama Rao on Monday, 14 November, asked the Centre to accord in-principle approval for the Hyderabad Metro Rail Phase -II Project from BHEL to Lakdikapul.
The project, estimated at ₹8,453 crore, is a jointly-owned project of the Government of India (GoI) and the Government of Telangana State (GoTS) with external financial assistance.
In a letter to the Union Minister for Housing and Urban Affairs Hardeep Singh Puri, KTR requested the inclusion of the proposal in the ensuing central budget for 2023-24.
The new Metro Line is proposed to be of 26 km long, with 23 stations.
The MA&UD Minister sought to meet the Union minister to explain the project.
To avoid delays in processing, Detailed Project Reports (DPRs) of the project (as prepared by DMRC) and other related documents were sent to the Centre by the Telangana government on October 27.
The Minister said that Hyderabad is the fastest-growing metropolitan city in terms of quarterly and year-on-year growth of the real estate sector, especially since 2019-20.
With the opening up of all the offices in the post-COVID scenario, the need for expansion and strengthening of the public transportation system needs no emphasis, he added.
The Phase-I of the Hyderabad Metro Rail Project spanning over 69 kilometres was successfully implemented and is fully operational.
Incidentally, it is the world’s largest Metro Rail Project in Public Private Partnership (PPP) mode under the Viability Gap Funding (VGF) scheme of the central government, he said.
