Hyderabad metro rail project deadline has got extended by 18 months, now it is likely to complete only by December 2018 due to various reasons; originally the deadline to complete this three phase metro project was fixed for July 2017.
“This is a linear project, hence all segments have to be completed for it to become operational. Even if 80 percent of the project is completed and 20 percent is remaining due to some hurdles, the Metro can’t operate. Hence completion is possible only after all aspects are in place,” said Mr. V B Gadgil MD & CEO of L&T Metro Rail Hyderabad Ltd.
This Rs 16,375 crore metro rail project is being constructed by L&T Metro Rail Hyderabad Ltd, which is the subsidiary of L&T Infrastructure Developments Project Ltd an infrastructure arm of Larsen & Toubro Ltd. L&T Metro Rail Hyderabad has to implement the Project on Design, Built, Finance Operate and Transfer (DBFOT) basis.
Hyderabad metro project is the largest fund tie-up in India for a non-power infrastructure Public Private Partnership (PPP) project.
Last year, L&T Metro Rail Hyderabad held a trial run on Stage-2 from Miyapur to Kukatpally Housing Board (KPHB) in May 2015 and test run between Miyapur and SR had held in October 2015.
Nagole to Mettuguda (Corridor III) and Miyapur to SR Nagar (Corridor I) even these two stretches will not be launched on June 2, 2016, which was expected to get clearance by May 31st. L&T Metro Rail Hyderabad informed the Telangana government that few departments need to clear some processes which required for getting railway safety certificate.
So far L&T Metro Rail Hyderabad has pumped around Rs 9,000 crore on this 72 km long elevated metro rail project, including Rs 2,700 crore from equity. This metro project is being financed by 30 percent equity and 70 percent by debt. A consortium of 10 banks led by State Bank of India has sanctioned the entire debt requirement of the project.
Delayed in the project will cause to change in the estimated project cost.
The L&T Metro Rail Hyderabad had signed the Concession Agreement with Government of Andhra Pradesh in September, 2010 and completed the financial closure for the Hyderabad metro project on 1st March, 2011; the project had commence in April 2012.
L&T Metro Rail Hyderabad has taken world class consultants services like Louis Berger, AECOM Feedback Ventures Consortium, Parsons Brinckerhoff, Halcrow, E&Y etc for the execution of Metro Rail Project.
Hyderabad Metro Rail Network will cover total 72 km distance for all three corridors, Corridor – I: Miyapur to LB Nagar, Corridor II: JBS to Falaknuma and Corridor III : Negole to Shilparamam.
The Metro Rail Network will pass through the major roads of Hyderabad which connects main bus hubs, commercial spots and residential areas. The bus depots that are being interlinked include Miyapur, MGBS, Koti, Dilshuknagar, Charminar and Jubilee Bus Station.
Hyderabad metro will be connected to MMTS services at Begumpet, Falaknuma, Bharatnagar and Malakpet along with prime train terminals at Secunderabad, Nampally and Begumpet.
Source: Information has been obtained from L&T Metro Rail, Business Line, Deccan Chronicle.