Hyderabad Metro | Asian Development Bank agree to fund metro projects

Hyderabad: Asian Development Bank (ADB) is all set to finance the Hyderabad Metro as well as many infrastructure projects going on in the city. The ADD team has already started going around the city and is meeting officials to take things ahead.

ADB has started preparing grounds for taking things ahead. Their officials are holding meetings to take the funding proposal ahead. A team of ADB has already visited the city.

The team of ADB has also met SK Joshi, Chief Secretary as well as principal secretary, MAUD, Arvind Kumar. During the meeting the officials discussed on how financial assistance can be extended to fund various infrastructure projects in Hyderabad including Hyderabad Metro.

ADB gave a list of projects their bank was willing to fund. These include the second phase of Hyderabad Metro Rail, the Strategic Road Development Programme to construct new flyovers, Musi beautification and multi-grade separators.

The finding has been made possible as earlier GHMC Mayor Bonthu has submitted proposal to ADB. The proposal was given to get financial assistance for several infrastructure projects going on in the city. Bonthu has given the proposal during his Delhi trip earlier.

ADB executive director, Kshatrapati Shivaji as well as Rajeev Singh, senior country specialist, had discussed the infrastructure projects being planned in the city and the funds necessary to implement these projects.

Principal Secretary, MAUD, Arvind Kumar is optimistic about the development. He is happy with preliminary talks and stated that the discussions were encouraging. The government will soon be approaching ADB with detailed project reports of diverse infrastructure projects to get funding.

With financial backing, Hyderabad Metro’s second phase work will get major boost. Work would pick momentum and metro project will be able to met its deadline. Other infrastructure projects will also begin and end on time with ADB showing interest in funding them.

Comments

Post a Comment

Popular posts from this blog

Chennai Metro | CMRL releases map of Phase 2 metro project

Image
Chennai: Chennai Metro Rail Limited has officially released a route map for its ambitious phase 2 metro project that will connect far-flung areas of the city through three corridors. In February, Metro Rail floated nine tenders for detailed design consultants and for soil tests. In one of the tenders, it has released a map of phase 2 with 104 stations, covering 107km. The estimated cost of the project is Rs 85,047 crore. Chennai Metro Phase II Network Map (PC: CMRL) However, after a review of the alignment, CMRL officials said they had increased the number of stations to 116 covering a total 107.55km along three corridors. The tenders CMRL has floated are also for corridor 3 (Madhavaram Milk Colony to Siruseri SIPCOT) that covers the IT hub on the OMR and corridor 5 (Madhavaram to Sholinganallur). Corridor 4 that connect Light House to CMBT is likely to be extended up to Poonamallee at an additional cost of Rs 3,850 crore. A feasibility study is at present und...
Read more

Innovative SkyWay technologies: Future Transportation

Image
SkyWay string transport is an energy and transportation communicator of elevated overpass type. It uses electric vehicles on steel wheels riding on specific string rails. The main design differences of this system from other types of railroads of trestle design are pre-stressed tension of the structure, the absence of a continuous solid roadbed, low materials intensity in construction and visual simplicity. The main advantages are economic efficiency, environmental friendliness, durability, reliability, safety and, consequently, high market competitiveness. SkyWay transport is developing in three main areas: high-speed intercity type (up to 500 km/h, and in future, up to 1250 km/h with the transition to a pre-vacuum tube) urban passenger type (up to 150 km/h) and freight type. It has no analogues in its field with the ability to meet the entire range of transportation needs. In future it can be integrated into a unified global energy, information and transportation network, which will ...
Read more

Delhi Metro | DMRC to make phase-III project fully operational by March 2018

The Delhi Metro’s Phase III, an ambitious public transport intervention, will be almost fully operational by March 2018, bringing vast areas of the national capital into the fold of its fast expanding network. Stretches of the Pink and Magenta Lines, which will together measure over 90 km with 61 stations, will be thrown open starting this October and the entire corridors will be functional by next year. The 58-km-long Pink Line, which will connect Majlis Park to Shiv Vihar running along the arterial ring road that encircles the city, will be opened in stages between December 2017 and March 2018, according to the latest Phase III status report. However, a section of the corridor between Nizamuddin and IP Extension in East Delhi may not be operational by March as it is stuck due to issues pertaining to land acquisition. “The date for Nizamuddin to IP Extension section will be worked out after resettlement and rehabilitation issues at Trilokpuri are settled,” the report ...
Read more