Hyderabad Metro Phase-II expected to carry eight lakh passengers on completion; cost per km of likely to be ₹318 crore

Hyderabad Airport Metro Limited has ‘conservatively’ estimated that once completed, the phase-II metro rail routes can easily carry up to to eight passengers a day and this could go up to 10 lakh, said Managing Director N.V.S. The Centre will bear ₹4,230 crore or 18% of the project cost besides giving a sovereign guarantee which will help take loans from multilateral agencies like Japanese International Cooperation Agency, Asian Development Bank and others at a low interest rate of 2%, he said. Cost could have escalated to ₹700 crore - ₹1000 crore if Metro lines went underground Due to the available Right of Way for most of the proposed corridors and being an elevated line for a majority of the alignment, the cost per kilometre has been worked out to be ₹318 crore, which could have escalated to ₹700 crore - ₹1000 crore if it went underground, explained Mr. Reddy. Cost of ongoing Metro works in various cities The phase two works cost is the least expensive in comparison to the ongoing metro rail works in other cities like Bengaluru ₹373 crore - ₹569 crore a km, Chennai ₹619 crore – ₹774 crore a km and Mumbai ₹543 crore – ₹1,500 crore. Cost per kilometre of ongoing Metro Rail works in various cities Hyderabad - ₹318 crore a km Bengaluru ₹373 crore - ₹569 crore a km Chennai ₹619 crore - ₹774 crore a km Mumbai ₹543 crore - ₹1,500 crore a km A JV with the Centre makes the project more viable economically and commercially profitable with the capital investment coming at a low interest rate, he said and contrasted with the 69 km first phase HMR works taken up at a total investment of ₹22,148 crore with State government pitching in with ₹2,970 crore, Centre’s ₹1,204 crore as viability gap funding and ₹17,974 crore or 81% by the private sector L&T Metro Rail Hyderabad.