SPV in place for Rs.4,650 cr metro project

    Airport Metro
    The Telangana government has recently formed a SPV named as Hyderabad Airport Metro Limited (HAML) to fast track the Rs.4,650 crore airport metro projects. The Airport Express Metro Corridor from Biodiversity Park to Shamshabad International Airport commands a distance of 30.7 km. It means that the Hyderabad Metro Rail‘s corridor three, Nagole to Shilparamam Raidurg, would now be extended further to the airport under phase two along with development of townships en route. The Hyderabad Metro Rail Limited (HMR) would have 51% share and Hyderabad Metropolitan Development Authority (HMDA) would have 49% share as per the furnished draft memorandum and articles of association of the new SPV. The state Chief Secretary S.K. Joshi would be the chairman of the HAML with N.V.S. Reddy as managing director, while other members being principal secretaries. The HAML is to plan, build, operate, design, develop, run or lease metro rail or other mass transit connectivity to airports in Hyderabad and other cities.
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