Silence looms over Hyderabad Metro Rail Phase II despite Centre-State agreement on its joint venture and funding
Kishan Reddy (Coal and Mines) and Chief Minister A. Revanth Reddy were said to have arrived at an amicable formula to move the project forward. The understanding involved appointing SBI Caps to revalue the Phase I project and create a joint mechanism with officials from both governments to oversee the process.
- ▪Kishan Reddy (Coal and Mines) and Chief Minister A.
- ▪Revanth Reddy were said to have arrived at an amicable formula to move the project forward.
- ▪The understanding involved appointing SBI Caps to revalue the Phase I project and create a joint mechanism with officials from both governments to oversee the process.
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It has been a month since the Centre and the Telangana government agreed to form a joint venture not only to take up the proposed Hyderabad Metro Rail (HMR) Phase II project but also to devise a financial mechanism for acquiring the 69.2-km Phase I network from L&T Metro Rail Hyderabad.Union Ministers Manohar Lal Khattar (Housing and Urban Affairs), Ashwini Vaishnaw (Railways), G. Kishan Reddy (Coal and Mines) and Chief Minister A. Revanth Reddy were said to have arrived at an amicable formula to move the project forward. The understanding involved appointing SBI Caps to revalue the Phase I project and create a joint mechanism with officials from both governments to oversee the process. Since then, however, there has been silence.Apart from Mr. Revanth Reddy writing to Mr.
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