The Union Government has in-principle approved the Rs 9,696-crore elevated Hyderabad Metro Rail project. It is the first PPP of its kind in metro rail projects and is expected to be the largest metro projects in the world to be undertaken at one go in the PPP mode.

The Centre has allowed the Andhra Pradesh government to call for a financial bid from the five selected consortia. The five international conglomerate of companies that have pre-qualified for the BOT project are Essar Constructions, inclusive of its partners SREI, Singapore MRT, SEC and STE Singapore; Magna Allmore (Malaysia), Siemens AG (Germany), ETA (Dubai) and NCC; Reliance Energy and Bombardier (Canada); GVK-Alstom with partners; and Navbharat, Maytas, Ital Thai and IL&FS. April 18 has been set as the date to invite financial bid for the project. The bidders will be given two months time to submit their bids for the 71.16-km project.

Also See:

Documentation work ready for Hyderabad metro rail project (9-Jan-08)

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