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Concession agreement signed for Hyderabad Metro project

Monday, 06 Sep 2010
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The Andhra Pradesh Government signed a concession agreement on 4 September 2010 with L&T Hyderabad Metro Rail Project.

The company will be setting up the metro rail at a cost of Rs 12,132 crore. It covers three traffic corridors of Hyderabad-Miyapur to LB Nagar (28.87 km), JBS to Falaknuma (14.78 km) and Nagole to Shilparamam (27.51 km).

L&T has sought a grant of Rs 1,458 crore (12 per cent) which will be borne by the Union Government. L&T has to submit a bank guarantee for Rs 360 crore as performance security to the government and achieve financial closure in six months.

The company has to complete geophysical and traffic surveys, freeze metro rail viaduct alignment and various facilities for the stations and depots and submit details designs and drawing for approval from authorities of Hyderabad Metro Rail, Indian Railways and NHAI.  

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