Hyderabad Metro to be completed in 2016: Minister

April 25, 2012 12:32

Hyderabad Metro to be completed in 2016: Minister

Financial Closure for the Project was achieved in March 2011. Of the total cost of Rs. 14,132 crore, Rs. 1,458 crore (10%) will be funded by Government of India as central financial assistance under the Viability Gap Funding (VGF) scheme.

Minister of State for Urban Development Saugata Roy said in Lok Sabha on Tuesday that Government of Andhra Pradesh has undertaken the Hyderabad Metro Rail Project in three traffic corridors of the city spanning over 71 km :- (1) Miyapur-LB Nagar (28.87 km - 27 stations); (2) JBS-Falaknuma (14.78km - 16 stations); & Nagole-Shilparamam (27.51 km - 23 stations). The Project is being executed in PPP mode on design, build, finance, operate and transfer (DBFOT) basis. Financial Closure for the Project was achieved in March 2011. Of the total cost of Rs. 14,132 crore, Rs. 1,458 crore (10%) will be funded by Government of India as central financial assistance under the Viability Gap Funding (VGF) scheme.  Preparatory works have been completed and the ground works have been commenced. The Project is scheduled to be completed in 2016. (SSNS)

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