Maytas Metro Rail, a the concessionaire company to implement the Hyderabad Metro project and Andhra Pradesh government on 19 September 2008, signed a concession agreement for the Hyderabad Metro rail project.

A Maytas-led consortium will develop the metro system at an estimated cost of Rs.12,132 crore on BOT basis in PPP mode. The Maytas-led consortium will hold 52 percent (Maytas will hold 26 percent, Navabharat 16 percent, Ital Thai (Thailand) 5 percent and IL&FS 5 percent) in the project whereas the state government will hold 16 percent equity.

Financial closure for the project is expected within six months and work is likely to commence by March 2009.

The metro rail with a total length of 71.16 km, will have 66 railway stations. It is expected to carry about 1.7 million passengers per day by 2012 and 2.8 million passengers by 2021.

Also See:

Concession agreement for Hyderabad metro rail by end September (13-Sep-08)

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