Wednesday, May 22, 2024

Metro Rail Phase-II DPR okayed, to cost Rs 8,453cr

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A Detailed Project Report (DPR) for Hyderabad Metro Rail Phase -II Project from BHEL to Lakdikapul costing Rs 8,453 crore has been approved by the State government.

Telangana’s Municipal Administration and Urban Development (MA&UD) Minister KT Rama Rao sought Central Government to accord in-principle approval for the Phase-II as a jointly owned project of Government of India (GoI) and Government of Telangana State (GoTS) with external financial assistance. In a letter addressed to Union Minister of Housing and Urban Affairs Hardeep Singh Puri, Minister KTR requested to include the proposal in the ensuing budget of the GoI for the year 2023-24. The new Metro line is proposed to be of 26 kilometers 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 GoI by the Telangana Government on October 27, 2022, the Minister added.

The Minister said that as Hyderabad is the fastest growing metropolitan city in terms of quarterly and year-on-year growth of real estate sector, especially since 2019-20, with the opening up of all the offices in post-COVID scenario, the need for expansion and strengthening of public transportation system needs no emphasis.

The Phase-I of the Hyderabad Metro Rail Project spanning over 69 kilometers was successfully implemented and is fully operational. Incidentally, it is the world’s largest Metro Rail Project in PPP mode under the VGF scheme of GoI, he said.

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