The Andhra Pradesh government and the
Maytas-Nava Bharat consortium is expected to sign a concession agreement for the
Rs.12,000 crore Hyderabad metro rail project by end September 2008.
Simultaneously, they will also sign the shareholders' agreement.
The project will be implemented by a
SPV in which the state government will have 11 per cent stake (not exceeding a
sum of Rs.250 crore) in the company and the two major consortium partners will
have 26 per cent each.
Also See:
Hyderabad Metro to
soon invite bids for independent engineers (15-Aug-08)
Related Links:
Project profile