Telangana govt has given administrative sanction for the 24,269 crore project to be taken up as a joint venture with the Centre. Five Metro corridors covering 76.4 km will be undertaken jointly by the state govt (Hyderabad Airport Metro Limited) and the Centre on a 50:50 basis.
The municipal administration department, in a GO issued on Saturday, stated that of the total cost of the project, the Telangana govt would bear 30%, amounting to 7,313 crore. The Union govt would contribute 4,230 crore, while the public private partnership component would be 1,033 crore, which accounts for about 4% of the project cost. The remaining 48% of the project cost, 11,693 crore, would be sourced from loans from international financial institutions such as JICA, Asian Development Bank and NDB.
The state govt has decided to undertake the Metro Rail Project Phase 2, covering 116 km, which includes a 40-km stretch from Shamshabad Airport to the proposed Fourth City (Skill University). Since field surveys and other estimations were being worked out, the 40-km stretch would be taken up later.
“The remaining Phase-II project, consisting five corridors for a length of about 76.4 km, Nagole–Shamshabad RGIA (Airport Corridor) (36.8 km), Raidurg-Kokapet Neopolis (11.6 km), MGBS-Chandrayangutta (Old City Corridor) (7.5 km), Miyapur–Patancheru (13.4 km), and LB Nagar-Hayatnagar (7.1 km), will be taken up immediately,” the GO stated.
Officials said the state govt has been giving top priority to the Metro rail as it will reduce traffic congestion and pollution levels in Greater Hyderabad. Phase I of the project, covering three dense traffic corridors of Hyderabad city and spanning over 69 km at a cost of about 22,000 crore, was completed earlier.
In light of the experience from Phase I, the state govt reviewed the earlier approved Phase II proposals and reworked them.
