DLF is currently preparing a
feasibility study for the proposed Hyderabad metro link between the IT hub,
HiTech City, and the Financial District on the outskirts of Hyderabad.
Currently, around 90 per cent of the pre-feasibility study has been completed.
The Letter of Assurance to the company
was issued in April 2008 and the final study is likely to be submitted to the
Andhra Pradesh Industrial Infrastructure Corporation (APIIC) by mid-September
2008.
According to the initial plan, the
metro rail link will start from the HiTech City Multi-Modal Transport System
Station to the Financial District with 11 stations covering 10.22 km. The state
government is developing the Financial District spread over 130 acres of land at
Khanamet village near HiTec City which will house the office of the Insurance
Regulatory & Development Authority, ICICI Towers which would employ more than
25,000 people, among others. APIIC is looking at an investment of around $43
million from private sector partners in a joint venture format for developing
the district.
The initial project cost is estimated
at around Rs.1,643 crore.
Also See:
Andhra Pradesh
government to get share in metro rail project (14-Aug-08)