Metro Rail News Online

Hyderabad: One month after its launch, the Hyderabad Metro Rail project is still stabilizing in its first phase of operation, but the administration is already preparing funds for further development. The administration is near an agreement with the German development bank KfW for a loan of Rs 1,000 crore for urban rejuvenation along with the rail metro project. “We are in talks with the German Development Bank KfW to raise around Rs. 1,000 crore for the urban rejuvenation project, without a high interest burden, say less than 2%, and a long repayment period.”, NVS Reddy said. Hyderabad Metro Rail The initial negotiations have been completed and it is expected that a detailed project report (DPR) will be ready soon. The funds will be used for urban rejuvenation activities, including the installation of sidewalks, rails, FOB and other services after the construction of the subway, Reddy added. Media had previously reported that talks were also held with the Japan Internatio...

Ghaziabad: Nearly a week after the additional chief secretary announced that the state government was contemplating a change in funding pattern of 9.41km metro project, the principal secretary on Friday said that the old pattern would be followed. Though 9.41km metro project is presently in the making, lack of funds could be a major stumbling block. Mukul Singhal, principal secretary (housing), on Friday, visited Ghaziabad Development Authority (GDA) headquarters and said that the old funding pattern, with the cost being shared by different UP departments, will be continued to fund the 9.41km metro project. “The funding pattern will remain the same and different UP agencies such as Avas Vikas, UP state industrial development corporation, municipal corporation and GDA will contribute their share. I don’t have any knowledge about the new pattern as told by the additional chief secretary. The Metro project will not run into a funds cruch, as the departments will make their paym...