Tag: Hyderabad Metro

InfrastructureLatest Stories

Telangana to Revamp Debt, Monetise Land for Hyderabad Metro I

HYDERABAD: The Telangana government has initiated the intricate process of acquiring the 69-km Hyderabad Metro Rail network from Larsen & Toubro in a transaction worth ₹15,000 crore, marking a significant state government acquisition. The state will officially take control of phase I of the metro from April. However, officials indicate that the transition hinges on three essential areas: financial restructuring, asset and liability transfer, and the maintenance of uninterrupted operations. On Monday, the state cabinet approved the acquisition of a complete 100% equity stake in phase I from L&T. The project, estimated at ₹15,000 crore, includes a debt component of…

InfrastructureLatest Stories

Telangana CM Requests Hudco Loans for Metro and Future City

Representative AI image HYDERABAD: On Monday, Chief Minister A. Revanth Reddy urged Housing and Urban Development Corporation (Hudco) Chairman Sanjay Kulshrestha to provide loans at reduced interest rates for critical developmental projects in Telangana, including the proposed Bharat Future City on the outskirts of Hyderabad. Kulshrestha met the CM at his residence and was asked to assist with funding for projects like the expansion of the Hyderabad Metro Rail, Future City, the Indiramma housing program, Regional Ring Road, and radial road networks. Revanth also informed the Hudco chairman about upcoming greenfield road projects that will connect Future City to Chennai…

InfrastructureLatest Stories

L&T Looks to Exit Hyderabad Metro Over Challenges

HYDERABAD: Larsen and Toubro (L&T), the principal stakeholder in Hyderabad Metro Rail Phase I, has announced its intention to withdraw from the operations of Hyderabad Metro Rail Limited (HMRL) for Phase I and will not participate in the proposed Phase II expansion due to substantial operational difficulties and increasing financial losses. In a letter to the Ministry of Housing and Urban Affairs obtained by TOI, KVB Reddy, Managing Director and CEO of L&T Hyderabad Metro Rail Limited (L&THMRL), detailed various complications arising from the separate management of stations from the two phases. The letter highlights that having different entities operate…