"2016 has been an eventful year for the Hyderabad Metro Rail project. Several long pending properties have been acquired and contentious issues resolved at some critical locations to take the project forward," Reddy said.
During the year, an amount of Rs 2,902 crore was spent (Rs 2742 crore by L&TMRH and Rs 160 crore by HMR), he said.
"Cumulative expenditure on the project so far is Rs 14,172 crore (Rs 12,143 crore by L&T MRHL on both Metro Rail and Real Estate and Rs 2,029 crore by HMRL).
L&T Metro Rail Hyderabad (L&TMRH) is developing the 72-km elevated HMR project which will have three corridors and 66 stations.
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The HMR chief further said all the 57 three-car trains from Hyundai Rotem, South Korea, have been received and sanction of Commissioner for Metro Rail Safety (CMRS) for the Miyapur - SR Nagar section (12 km) of corridor-I was also received.
The project was initially scheduled to be completed by July 2017, but delays like changes in alignment, land acquisition and other issues have resulted in the project overshooting the deadline.
Authorities had earlier said all three Metro Rail corridors, including the one passing through the Old City, would be completed by December 2018.
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