Skip to main content

Hyderabad Metro Rail Phase II Expansion: Approvals Expected Soon

The highly anticipated Hyderabad Metro Rail Phase II expansion remains under active consideration despite the absence of dedicated funds in the Union Budget. Senior government officials have confirmed that approvals for the ₹24,269 crore project are expected in the coming months, as it progresses through technical evaluations.

Project Overview and Evaluation Process

The second phase of the Hyderabad Metro Rail project aims to expand the metro network by 76.4 km across five corridors in the city. The proposal is currently undergoing a detailed technical evaluation by the Union Ministry of Housing & Urban Affairs, with key ministries such as railways and surface transport also involved in the assessment.

Although the recent Union Budget did not allocate funds for the project, officials remain optimistic. A senior government official stated that since the project aligns with central guidelines for metro rail joint ventures, there is a strong possibility of securing approvals soon.

Funding and Financial Structure

To ensure the smooth execution of the project, the Telangana government is seeking a sovereign guarantee from the Centre. This step is crucial to securing funding from international financial institutions like:

  • Japan International Cooperation Agency (JICA)
  • Asian Development Bank (ADB)
  • New Development Bank (NDB)

A sovereign guarantee would enable the project to receive loans at concessional interest rates, making financial execution more feasible.

Breakdown of the ₹24,269 Crore Funding Structure:

  • 30% (₹7,313 crore) – Telangana Government
  • 18% (₹4,230 crore) – Central Government
  • 48% (₹11,693 crore) – External Loans
  • 4% (₹1,033 crore) – Public-Private Partnership (PPP) Investments

Officials also highlighted that nearly 10% of the Centre’s capital expenditure was unutilized last year, increasing the likelihood of securing funds for the project. Infrastructure projects, including metro rail expansion, remain a priority despite fiscal constraints.

Project Scope and Expected Benefits

The Hyderabad Metro Rail Phase II expansion aims to enhance urban connectivity and provide a sustainable transportation solution for the city. The new corridors include:

Proposed Metro Routes:

  1. Nagole to Shamshabad RGIA (Airport Corridor): 36.8 km
  2. Raidurg to Kokapet Neopolis: 11.6 km
  3. MGBS to Chandrayangutta (Old City Corridor): 7.5 km
  4. Miyapur to Patancheru: 13.4 km
  5. LB Nagar to Hayatnagar: 7.1 km

These routes will significantly reduce traffic congestion and improve public transport access for millions of Hyderabad residents. The project will also boost real estate development, ease daily commutes, and contribute to Hyderabad’s smart city growth.

Optimism for Approval Following Chennai Metro’s Success

The approval of Chennai Metro Phase II in October 2024 has created a positive precedent for similar projects in India. Officials believe that Hyderabad Metro Rail Phase II could receive funding and approvals soon, benefiting from this momentum.

With discussions still ongoing, there is cautious optimism that the project will receive the necessary clearances, further enhancing Hyderabad’s transport infrastructure and urban mobility.

Labels:

Comments

Post a Comment

Popular posts from this blog

What is Lavani Patta Land?

 In Telangana, there are different types of lands titles that provide land ownership. Here Lands are segregated into Private land and Government Assigned Land, and the land owned by an individual who has Record Of Rights ROR on his name, and has legal land title ownership. Whereas government-assigned land is allotted to any individual who belongs to a BPL Below Poverty Level family to elevate their economic standards is termed as Government Assigned Land. Here it has ownership land title on an individual’s name, but assigned lands cannot be sold or transferred to anyone. To obtain a Lavani Patta one can get it from the Revenue Department of the state. The Chief Commissioner of Land Administration (CCLA) is the chief controlling authority for the revenue administration. Usually, the Tahsildar is the competent authority to assign the lands. Here, 50 percent land is assigned to Schedule Castes, 10 percent to Schedule Tribe, 30 percent to the backward classes, and the res...
Post a Comment
Read more

Top 5 RERA Punishments every buyer must know.

PUNISHMENT PRESCRIBED FOR NON-REGISTRATION OF A PROJECT UNDER THE RERA ACT   ·           10 percent penalty of the estimated cost of the project.   ·          As per section 59, where under the Act, it is obligatory for the promoter to register a project with the Authority, and the promoter fails to do the same, he shall be liable to a penalty of up to 10 percent of the estimated cost of the real estate project.  Non-registration of the project may also liable for 3 years of punishment. ·         However, in the case of the promoter consistently defaults or does not comply with the directions/orders of the Authority as regards registration of the project with the Authority, he shall be liable to an additional fine of ten percent of the estimated cost of the real estate project or imprisonment up to 3 years or both.   Penalty for violation of section 4(App...
Post a Comment
Read more

Hibanama: A Universally Applicable Mechanism for Dispute Resolution

In the diverse fabric of India, the term “Hibanama” transcends religious boundaries, serving as a consensual mechanism for dispute resolution applicable to all communities. This blog explores the universality of Hibanama, debunking any misconceptions about its exclusivity to a particular religious group. Understanding Hibanama: Contrary to any misconceptions, Hibanama is not exclusive to the Muslim community but is a legal concept applicable to individuals of all religions in India. Rooted in the principles of voluntary resolution, Hibanama emphasizes mutual agreement and compromise in the face of legal disputes, irrespective of religious affiliations. Applicability to All Communities: Hibanama in Hindu Law: Hindu law recognizes the importance of amicable settlements, and Hibanama aligns seamlessly with this ethos. Parties involved in property disputes, family matters, or contractual disagreements within the Hindu community can opt for Hibanama to expedite justice. Hibanama...
Post a Comment
Read more