1 month ago
As no takers for Metro Phase-II, Telangana to take it up jointly with Centre
New Indian ExpressHYDERABAD: As the L&T Metro Rail Hyderabad made losses in its Hyderabad Metro first phase, no private firm is coming forward to undertake the second phase. That is why the state government has decided to take up the second phase metro project in partnership with the central government, Hyderabad Metro Rail Limited Managing Director NVS Reddy said. He told the media persons that in the first phase of Metro, the concessionaire made losses to the tune of around Rs 6,000 crore. In other states, respective state governments are operating Metro rail services and banks also are not showing interest in providing loans for the metro projects.
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History of this topic
2 weeks, 3 days ago
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