Centre refuses Rs 2.5 billion for Metro, Hyderabad approaches NITI, PMO

The Union finance ministry has pointed out that the company has violated more than one element of the public private partnership project contract it signed with the state government in 2010

The Centre has refused to release about Rs 2.5 billion to Hyderabad Metro project, citing breach of contract, which has made the latter push back, escalating the issue to NITI Aayog and the Prime Ministers’ Office. The project will throw open its second line, a 16-km stretch between Ameerpet and LB Nagar in the city, on Monday. 

The disputed sum is the last tranche of Rs 14.58 billion as viability gap funding agreed to between the finance ministry and the L&T Metro Rail Hyderabad (L&TMRH), the concessionaire building the rapid Metro for the capital of Telangana. The spanner thrown in