Wednesday, 13/12/2017 | : : UTC+5
Hyderabad Metro Rail | Hyderabad Metro Rail Corporation Limited

Hyderabad Metro project faces 18-month delay

Hyderabad Metro project faces 18-month delay

HYDERABAD: The nation’s greatest public private partnership venture (PPP), the ₹16,375-crore L&T Metro Rail Hyderabad, is prone to see delay in usage of the 71-km hoisted metro rail, as likewise confronts cost-invade.

Proposed to be prepared by July 2017, the undertaking is prone to be prepared by December 2018, on consummation of all the three metro portions.

Pending clearances

Indeed, even the proposed appointing of two extends, Nagole to Mettuguda (8 km) and Miyapur to SR Nagar (11 km) of finished rail system, to be dispatched on the June 2, 2016, matching with the Telangana State arrangement, is far-fetched as a few obligatory clearances are yet to be secured.

The task tries to associate three halls of Nagole to Hitec City, Miyapur to Dilsukhnagar and Mahatma Gandhi Bus Stand to Falaknuma.

Tending to a question and answer session, senior administration of L&T communicated the trust that the venture execution pace would get once the clearances are gotten. They said it would not be conceivable to peg the expanded expense as of right now as they have to consider different outer issues and postpones.

Speculation

J Ravikumar, Chief Financial Officer of LTMRHL, said they had put resources into regards to ₹9,000 crore out of ₹16,375 crore. This incorporates ₹2,700 crore value, ₹600 crore from VGF and the rest is obligation.

SN Subrahmanyam, Deputy Managing Director and President, L&T, and Chairman of L&T Metro Rail (Hyderabad) Ltd, said, “As a concessionaire, L&T has been executing the venture for the benefit of the Telangana government. A large portion of the obstacles have been crossed, while some are being sorted out. Once that is done, we will have the capacity to assist the task.”

Approached if the task will set out toward mediation given the deferral and cost acceleration potential, he depicted the metro venture as a greenfield venture in brownfield congested city range.

‘Complex venture’

“This is a standout amongst the most mind boggling and biggest activities taken up in the PPP mode where L&T has made its greatest ventures. We have warm relations with the legislature and are sure that the undertaking will be executed as ahead of schedule as could be allowed,” he said.

VB Gadgil, Chief Executive of L&T Hyderabad Metro Rail, said, “No place on the planet, a metro rail venture has figured out how to cover such a great amount as far as advancement inside three-and-a-half years regardless of the obstacles it faces. There keep on being a few issues to be determined including right of way and securing of some key properties.”

On the third hallway which goes through Old City, Gadgil said, “We are yet to get notification from the legislature on the advancement of acquisitions and right of way.”

About

POST YOUR COMMENTS

Your email address will not be published. Required fields are marked *

Subscribe with us to receive all latest news from Hyderabad metro rail Corporation.

Facebook

Calendar

December 2017
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031

Contact US