Telangana Cabinet Approves Metro Takeover From Larsen & Toubro
RAILWAYS & METRO RAIL

Telangana Cabinet Approves Metro Takeover From Larsen & Toubro

Telangana Cabinet led by Chief Minister A Revanth Reddy approved the takeover of the 69 km Hyderabad Metro Rail Phase-I network from Larsen & Toubro by paying about Rs150 billion (bn), including liabilities, and decided to initiate necessary steps immediately. The decision was taken at a meeting on Monday night. The move transfers operational control of the Phase-I network to the state government.

A Cabinet Sub-Committee that was constituted to examine the acquisition and the feasibility of the Metro submitted its report, which was discussed in detail during the meeting. The government resolved to act on the committee recommendations and to begin procedural and legal steps to effect the transfer. Ministers indicated that administrative and technical arrangements will be set in motion without delay.

The Phase-I network spans 69 km and has been operated by Larsen & Toubro since its construction and commissioning, providing a substantial share of the city’s rapid transit capacity. The acquisition covers assets and attendant liabilities and is intended to secure uninterrupted services and to align operations with public transport planning for Hyderabad. Officials will oversee handover protocols and integration with existing state transport agencies.

The financial implication of the transaction at about Rs150 bn will be examined in terms of budgetary impact and funding arrangements by the state finance department and the cabinet. The government will prepare a financing plan and assess options that may include reallocations within the fiscal framework and staged payments. Fiscal prudence and continuity of services were stated as guiding considerations.

Further deliberation on the subject is expected during upcoming sessions of the State Assembly if required, and the cabinet indicated readiness to furnish detailed proposals to legislators. No additional operational specifics were released immediately, and further announcements are likely as procedural steps progress. The state will continue to monitor the transition to ensure service stability for commuters.

Telangana Cabinet led by Chief Minister A Revanth Reddy approved the takeover of the 69 km Hyderabad Metro Rail Phase-I network from Larsen & Toubro by paying about Rs150 billion (bn), including liabilities, and decided to initiate necessary steps immediately. The decision was taken at a meeting on Monday night. The move transfers operational control of the Phase-I network to the state government. A Cabinet Sub-Committee that was constituted to examine the acquisition and the feasibility of the Metro submitted its report, which was discussed in detail during the meeting. The government resolved to act on the committee recommendations and to begin procedural and legal steps to effect the transfer. Ministers indicated that administrative and technical arrangements will be set in motion without delay. The Phase-I network spans 69 km and has been operated by Larsen & Toubro since its construction and commissioning, providing a substantial share of the city’s rapid transit capacity. The acquisition covers assets and attendant liabilities and is intended to secure uninterrupted services and to align operations with public transport planning for Hyderabad. Officials will oversee handover protocols and integration with existing state transport agencies. The financial implication of the transaction at about Rs150 bn will be examined in terms of budgetary impact and funding arrangements by the state finance department and the cabinet. The government will prepare a financing plan and assess options that may include reallocations within the fiscal framework and staged payments. Fiscal prudence and continuity of services were stated as guiding considerations. Further deliberation on the subject is expected during upcoming sessions of the State Assembly if required, and the cabinet indicated readiness to furnish detailed proposals to legislators. No additional operational specifics were released immediately, and further announcements are likely as procedural steps progress. The state will continue to monitor the transition to ensure service stability for commuters.

Next Story
Real Estate

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

Next Story
Equipment

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Next Story
Real Estate

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->