News Brief
Telangana Goverment Approves Rs 19,579 Crore Hyderabad Metro Phase II-B Project
The Hyderabad Metro
The Telangana government has given the green signal for Hyderabad Metro Rail (HMR) Phase II-B, comprising three new corridors spanning 86.1 km, reported The Hindu.
The expansion will be executed by Hyderabad Airport Metro Limited (HAML) as a 50:50 joint venture with the Central government, at an estimated cost of Rs 19,579 crore.
The approved Phase II-B includes three corridors—Corridor IX from Rajiv Gandhi International Airport (RGIA) to Future City (Skills University) covering 39.6 km, Corridor X from JBS to Medchal spanning 24.5 km, and Corridor XI from JBS to Shamirpet spanning 22 km, as per the proposals submitted by HAML Managing Director N V S Reddy.
As per the funding pattern, the Telangana government will contribute Rs 5,874 crore (30 per cent), while the Centre will pitch in Rs 3,254 crore (18 per cent).
A major chunk, Rs 9,398 crore (48 per cent) is expected to come through loans from agencies like JICA, ADB, and NDB.
A PPP component of Rs 783 crore (4 per cent) will also be there in the financial structure of the project.
The government has already sent a separate proposal to the Ministry of Housing and Urban Affairs (MoHUA) for Phase II-A, covering five corridors over 76.4 km, estimated at Rs 24,269 crore, also under a JV model.
The five corridors includes Corridor IV from Nagole to Shamshabad RGIA (36.8 km), Corridor V from Raidurg to Kokapet Neopolis (11.6 km), Corridor VI from MGBS to Chandrayangutta (Old City Corridor) (7.5 km), Corridor VII from Miyapur to Patancheru (13.4 km) and Corridor VIII from LB Nagar to Hayathnagar (7.1 km).
Highlighting the benefits, the government order noted that Phase II is projected to serve up to eight lakh daily passengers, with a cost of Rs 318 crore per kilometre.
The earlier Phase I, spanning 69.2 km across three corridors, was developed at a cost of Rs 22,000 crore and remains the world’s largest metro project under the PPP model.
