News Brief
V Bhagya Subhashini
Nov 05, 2024, 03:29 PM | Updated 03:30 PM IST
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The Telangana government has granted administrative approval for five corridors of Part-A of the Hyderabad Metro Rail Phase-II project, following a recent Cabinet decision.
The project, estimated to cost Rs 24,269 crore, will significantly enhance public transportation in the region.
Part-A of Phase-II encompasses a total length of 76.4 kilometers and will be developed as a joint venture between the Government of Telangana and the Government of India, each holding a 50 per cent stake through Hyderabad Airport Metro Limited.
The new five corridors proposed in the second phase include Nagole to Shamshabad Airport (36.8 km), Raidurg to Kokapet to Neopolis (11.6 km), MGBS to Chandrayangutta (7.5 km), Miyapur to Patancheru (13.4 km) and L.B. Nagar to Hayatnagar (7.1 km).
The funding breakdown reveals that the Telangana government will contribute 30 per cent of the project costs, amounting to Rs 7,313 crore, while the Government of India will provide 18 per cent or Rs 4,230 crore.
The remaining funding will come from loans secured from international financial institutions such as JICA, ADB, and NDB, totaling 48per cent (Rs11,693 crore), with a Public-Private Partnership (PPP) component contributing 4 per cent (Rs1,033 crore) reports Times Of India.
In addition to Part-A, the Telangana government is advancing Part-B of the project, specifically Corridor IX, which will connect Shamshabad RGIA to the Fourth City over a distance of 40 kilometers.
Current efforts include working on alignment, additional features, and cost estimates, with field surveys already underway.
Phase-I of the Hyderabad Metro Rail spanning over 69 kilometers, was completed at an estimated cost of Rs 22,000 crore.
This phase is noted as the world’s largest Metro Rail project operating under a Public-Private Partnership model, providing state-of-the-art technology and amenities that have made it a popular choice for commuters, with approximately 500,000 passengers using the system daily.
The government has also reviewed and reworked the previously approved Phase-II proposals to better address the diverse needs of the community and promote equitable growth across all areas of the city.
V Bhagya Subhashini is a staff writer at Swarajya. She tracks infrastructure developments.