On 8 August 2008, Government of Andhra
Pradesh gave a letter of award to consortium comprising Nava Bharat Ventures,
Maytas Infra, Italian-Thai Development Public Co and IL&FS (NMII consortium) for
undertaking the development of the Hyderabad Metro Rail project on DBFOT basis.
The project comprises of three lines
as follows:
| Lines |
Length (km) |
| Line1: Miyapur to LB
Nagar |
30 |
| Line 2: Jubilee Bus
Station to Falaknuma |
15 |
| Line 3: nagole to
Shiparamam |
26 |
The metro project cost as per the
state government estimates is around Rs.12,000 crore. In addition, the state
government is also providing real estate development rights for 18.5 million
sq.ft. NMII consortium emerged as the lowest bidder for the project. NMII
consortium agreed to pay to the state government over a period of 34 year period
an amount which has a net present value of Rs.1,240 crore based on a discount
rate used by Andhra Pradesh government of 13.5 per cent.
Also See:
Draft concession
agreement approved for Hyderabad metro (05-Aug-08)
Related Links:
Project profile