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As many as 32.25 lakh passengers utilised the services of metro rail during the past one month, said NVS Reddy, Managing Director of Hyderabad Metro Rail Limited here today. "Passenger figures are slowly stabilising and we expect it to stabilise in two months. On an average one lakh passengers are traveling every day," Reddy told reporters in a press conference. Replying to a query, he said Rs 16,511 crore had been spent so far on Hyderabad Metro rail project by the concessionaire L&T and the Telangana Government. Prime Minister Narendra Modi had inaugurated a 30-km stretch of the metro rail project on November 28 between Miyapur and Nagole. Once completed, the network, covering a total distance of around 72 km across three corridors, will be the world's largest public private partnership project in the metro sector, metro concessionaire L&T said.
The Hyderabad Metro Rail opened for public today with the passengers describing their first-time travel by it as a "convenient, comfortable and awesome experience". The metro rail commenced its operations between Miyapur and Nagole, having a total distance of 30 kms and 24 stations, the concessionaire, L&T Metro Rail (Hyderabad) Ltd, said in a statement. Prime Minister Narendra Modi yesterday inaugurated the first phase of the 72-km elevated Hyderabad Metro Rail project at the Miyapur station. After launching the 30-km stretch between Miyapur and Nagole, Modi took a ride on the train on its inaugural run. The trains would run from 6 am to 10 pm initially which would be rescheduled to 5:30 am to 11 pm depending on the traffic and demand, Telangana's Information Technology Minister K T Rama Rao earlier said. A mobile app named 'T Savari' for metro passengers was launched by Modi, who was also given a power-point presentation on the project at Miyapur station. The ...
Prime Minister Narendra Modi will tomorrow inaugurate the Hyderabad Metro Rail project, touted as the world's largest public-private partnership (PPP) in the sector. Commercial operations of the Metro project will begin November 29, Hyderabad Metro Rail officials said. The project has overcome many hurdles such as default by the first concessionaire Maytas Infra-led consortium and subsequent developments, crucial land acquisition by the state government and logjam for sometime over route alignment, among others. Here is the timeline of the project. May 2007 : Formation of Hyderabad Metro Rail Limited. September 2008: Concession Agreement signed between Andhra Pradesh Government (undivided) and Maytas Metro Ltd (MML). July 2009: Termination of CA with MML and invoking of Bank Guarantee for Rs 60 crore (plus Rs 11 crore). July 2010: Financial Bids (RFP) opened for the second time. September 2010: Concession Agreement signed with LTMRHL (L&T Metro Rail Hyderabad ...
Larsen and Toubro has sought "additional financial support" from Telangana to cover cost overruns in the Rs 16,000-crore metro rail project that stemmed from delays in its implementation, sources privy to the development said. Prime Minister Narendra Modi is scheduled to inaugurate the first phase of the 72-km project tomorrow, touted to be the world's largest such project on public-private partnership in the sector. L&T Metro Rail (Hyderabad) Ltd, the developer of the project, has sought "additional financial support" from the Telangana government to cover the cost overruns due to delays in projects, leading to extension of time, the sources said. The cost overruns work out to over Rs 3,000 crore, the sources added. "The company is also learnt to have sought extension of period by two years," an industry source said, adding that any decision is likely after consultation with the Centre as the urban development ministry is also part of the project. The project, which