State government. ₹500 crore allocated for Hyderabad Metro Rail works
State government. ₹500 crore allocated for Hyderabad Metro Rail works
Hyderabad Metro Rail (HMR) has received an allocation of ₹2,377.35 crore in this year’s budget, with the MGBS, Imlibun on Corridor II from Falaknuma to the old city of 5.5 km being suddenly getting a fillip. Is. On Monday, ₹500 crore was allocated for this purpose.
377.35 crore has been allocated to the newly proposed Rapid Metro Rail for Shamshabad airport, for which the Delhi Metro Rail Corporation (DMRC) has already prepared a detailed project report. The project has been awaiting government approval for the last few years for about 32 km of elevated work from Gachibowli.
HMR, the government’s special purpose vehicle that oversees metro construction, has also been allocated Rs 1,500 crore.
L&T Metro Rail Hyderabad (L&TMRH) had completed the first phase of the metro rail project in three dense traffic corridors – Red Line from LB Nagar to Miyapur, Blue Line from Nagole to Rayadurg and from Jubilee Bus Station (JBS). Green line till Falaknuma. , The last time Mahatma Gandhi had stopped at the bus station due to lack of permission to take the line to the old city.
The government cited religious and heritage structures along the route and, later, the concessionaire’s financial loss due to the COVID-induced lockdown, as reasons for the delay in construction pending work. But, it is not clarified whether the government will undertake the entire 5.5 km work on its own as the cost of the project has gone up significantly for asset acquisition, shift of utilities like power lines, pipelines and others, due to the overall construction of the elevated Apart from the viaduct as well as the station.
Incidentally, the Central Government has not released the pending Viability Gap Fund (VGF) of ₹254 crore. It led Secunderabad MP and Union Minister G. Kishan Reddy citing this pending work as a possible cause of delay, released ₹1,204 crore out of total ₹1,458 crore (10% of the then estimated cost of ₹14,156 crore). The amount was being released in installments as per the construction progress in seven years to complete about 69.2 km.
It should also be noted that the Telangana government had allocated ₹1,000 crore for metro rail construction last year, but no work was done. Meanwhile, HMR Managing Director NVS Reddy has asked Chief Minister K.K. Chandrashekhar Rao and Finance Minister T. Harish Rao.