Telangana govt clears ₹8,453-cr Phase-II metro project

Telangana government has cleared the ₹8,453-cr Phase-II metro project and has sent the proposal to the Central government for its mandatory approval. Municipal Administration and Urban Development Minister, KT Rama Rao, informed that the Hyderabad Metro Rail Phase -II project starting from BHEL to Lakdikapul is a jointly owned project of Central and state governments to be built with external financial assistance. The new Metro Line is 26 km long with 23 stations and to avoid delays in processing, Detailed Project Reports (DPRs) of the project (as prepared by DMRC) and other related documents have already been sent to the Union government with a request for quick approval.

Hyderabad is the fastest-growing metropolitan city in terms of quarterly and year-on-year growth of the real estate sector, especially since 2019-20. With the opening up of all the offices in the post-COVID scenario, there is a need for expansion and strengthening of the public transportation system. The Phase-I of the Hyderabad Metro Rail Project spanning over 69 km was successfully implemented and fully operational. Incidentally, it is the world’s largest Metro Rail Project in PPP model under the VGF scheme of the Central government.