Hyderabad Metro Rail (HMR) is a special purpose vehicle formed with an investment of Rs.100 crore to implement the Rs.8,482 crore mass transit system of 64 km long in Hyderabad.

The SPV will be the concessioning authority and a single point agency co-ordinating on behalf of both the central and state governments for the implementation of the public, private partnership projects in the country. The SPV, as per the agreement will become the owner of 266 acres of land and of this 233 acres belongs to the state and the rest private..

The State will transfer the land to HMR and after a 35 year lease term, will revert back to the State since the project will be taken up on build own and transfer model. In addition, a sum of Rs.261 crore has been earmarked to acquire 43 acres from private parties and this has in fact brought down the overall cost from Rs.8,760 crore initially planned to Rs.8,482 crore.

Also See:
Andhra Pradesh cabinet approves Hyderabad metro rail project (21-Jan-07)

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Project profile