Hyderabad Metro Phase-II to Add 76.4 km, 54 Stations

02 Dec 2024 CW Team

The Phase-II expansion of the Hyderabad Metro will add 76.4 kilometers across 54 stations at a cost of Rs 242.69 billion, according to NVS Reddy, Managing Director of HAML and HMR. Announced on Monday, this expansion responds to increasing demand for enhanced urban transit infrastructure. Part A of the project includes five new corridors: Shamshabad to RGIA Airport, Raidurg to Kokapet Neopolis, MGBS to Chandrayangutta (Old City), Miyapur to Patancheru, and LB Nagar. Part B involves extending the RGIA line to the proposed Fourth City (Skill University), creating a sixth corridor. “These corridors extend the current network, with additional work on either side and a dedicated Airport Metro corridor connecting all three existing lines,” Reddy explained. The project, a joint effort between the Union and Telangana governments, is funded through multiple channels. Telangana will contribute Rs 73.13 billion (30%), while the Union government will provide Rs 42.3 billion (18%). Multi-Development Bank loans, including those from JICA, ADB, and NDB, account for Rs 116.93 billion (48%), with the remaining Rs 10.33 billion (4%) funded through public-private partnerships. Notably, the MDB loans come with favourable terms, including an interest rate of approximately 2%, a moratorium of 5-10 years, and a 30-year repayment period. “This provides a repayment timeline of over 40 years, offering financial advantages compared to domestic lending rates of 9-10%,” Reddy highlighted. The project’s detailed report, comprehensive mobility plan, and alternatives analysis are currently under review by the Ministry of Housing and Urban Affairs. (Indian Express)

Real Estate

11 May 2026

Stans Arize Sells Rs 1 Billion Homes in One Week

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