Hyderabad Metro | L&T to invest about Rs 2,500 crore more to complete metro
Hyderabad: Construction and infrastructure major L&T hinted at investing about Rs 2500 crore more to complete the ongoing Hyderabad metro rail project. As a concessionaire, L&T has thus far invested about Rs 13,000 crore of the Rs 14,132 crore elevated metro rail project taken up under the public, private partnership. And the Telangana Government has invested more than Rs 2300 crore for land acquisition, right of way and related infrastructure to facilitate the project completion. Of the 72 km elevated metro rail, thus far a stretch of 45 km spanning two corridors has been completed, and the stretch connecting the Hitec City, the IT hub of Hyderabad, is at the advanced stage of completion. According to NVS Reddy, Managing Director of Hyderabad Metro Rail Limited (HMRL) and KVB Reddy, Managing Director and CEO of L&T Metro Rail Hyderabad Limited, efforts are on to complete the Hitec City stretch by December and the third corridor between Secunderabad and MGBS, by the sec...