L&T Metro Rail (Hyderabad) has achieved financial closure for the Hyderabad
metro project in Andhra Pradesh.
A consortium of banks led by SBI has sanctioned the debt requirement of Rs
11,480 crore for the project. The other banks include Canara Bank, Indian Bank,
State Bank of Hyderabad, State Bank of Mysore etc. The equity component for the
project is about Rs 3,440 crore by the L&T Group and the project has a viability
gap grant of Rs 1,458 crore from the Union Government through the Andhra Pradesh
Government.
The project will comprise 71.16 km of elevated metro rail in three corridors.
The concession period for the project is 35 years (including five years of
construction period) and is extendable by an additional 25 years.
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