AP's the Most prestigious project ""Hyderabad Metr

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venki4cool
Telugu Puli
Posts: 601
Joined: May 23rd, 2008, 5:18 pm

AP's the Most prestigious project ""Hyderabad Metr

Postby venki4cool » March 5th, 2011, 11:02 am

I am starting a topic on hyderabad metro here....With huge investment around 12000 crs, the prestigious project andhrapradesh started 2-3 weeks back here in hyderabad. Please post news regarding Hyderabad L&T metro here..
Last edited by venki4cool on March 5th, 2011, 11:13 am, edited 1 time in total.

venki4cool
Telugu Puli
Posts: 601
Joined: May 23rd, 2008, 5:18 pm

Postby venki4cool » March 5th, 2011, 11:09 am

City metro rail project on course
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Top bankers learnt to have offered funding support

Financial closure within timeframe is a ‘record of sorts'

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HYDERABAD: Hyderabad metro rail project crossed a significant milestone with the concessionaire, Larsen & Toubro (L&T), submitting financial closure documents to the government on Thursday.The deal was done within six months of the agreement reached between the government and L&T on September 4, 2010. Financial closure for the biggest ever public, private partnership Rs.12,132-crore project within the stipulated timeframe is considered to be a record of sorts.A consortium of top bankers is learnt to have offered their funding support during a recent meeting with senior Government officials last week.

Despite apprehensions raised about the current political scenario, ‘hard sell' by senior officials of both the government and L&T ensured the backing.

L&T had already paid performance guarantee amount of Rs.360 crore or three per cent of the project cost to the government last month even as the bid guarantee amount of Rs.240 crore or two per cent of cost was returned to it as per agreement.

L&T was the lowest bidder seeking Rs.1,458 crore of viability gap funding offered to an extent of 20 per cent of the project cost by the Central government. It will contribute the balance Rs.10,674 crore. Metro lines will be built across the three dense traffic corridors to an extent of 71.16 km with Line One to be taken from Miyapur to L.B.Nagar, Line Two from Jubilee Bus Station to Falaknuma and Line Three from Nagole to Shilparamam

http://www.hindu.com/2011/03/04/stories ... 830100.htm

venki4cool
Telugu Puli
Posts: 601
Joined: May 23rd, 2008, 5:18 pm

Postby venki4cool » March 5th, 2011, 11:11 am

Rs 150 cr for metro rail

Feb 24, 2011, 04.59am ISTHYDERABAD: As part of improving infrastructure facilities in the city, the state government has allocated Rs 150 crore for Hyderabad Metro Rail project in the 2011-12 budget presented by finance minister A Ramanarayana Reddy on Wednesday.

The metro rail project spanning over 71 kms on three high density traffic corridors in the city was taken up at an estimated cost of Rs 12,132 crore. Officials said the Rs 150 cr allocated will be used for land acquisition, junction improvements, etc. This allocation is part of matching grant from the state. The state government will allocate the matching grant every year from 2011 to 2015 till the project gets completed in the next five years


http://articles.timesofindia.indiatimes ... king-water

statesman
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Joined: January 29th, 2005, 4:41 pm
Location: HYDERABAD

Postby statesman » March 6th, 2011, 10:08 pm

Mr.venky,

how u could claim this project as most prestigious one for AP. This project is major Dandaga project of AP. Lacs of highly elite people are against this project. Once telangana is given this project will become a big white elephant and who ever operates it will be in soup. there are several prestigious projects are under construction in AP which are really attracting FDI inflow and useful for the nation in manufacturing..
STATESMAN


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