Maytas Infra led consortium to develop Hyderabad Metro
Delhi, Bombay, Bangalore, Chennai, Kochi and now Hyderabad. Its a metro boom all over India. Finally the infrastructre boom has started and the ones who persisted and got into the deals could reap a good harvest over the next few decades. Of course, land acquisition would be a major hurdle, with political parties eager to jump on to the bandwagon when a few properties would be demolished.
But we cant discount the fact that more than US$200 billion worth of infrastructure projects are going on in India at this time and its only going to increase. Maybe 4-5 years down the line, we would have a better infrastructure and wouldnt be so surprised when we go overseas and see their metros, road and rail network.
The Andhra Pradesh government has formally issued the ‘letter of award’ in favour of Maytas Infra-led consortium for undertaking the development of Hyderabad Metro Rail Project on design, build, finance, operate and transfer basis.
The consortium, Navabharat Ventures Limited, Maytas Infra Limited, Ital Thai Development Public Company Limited and Infrastructure Leasing and Financial Services Limited (‘NMII Consortium’), will take up the metro project estimated to cost Rs 12,000 crore (approx US$ 3 billion) in Hyderabad.
The project has three lines totaling 71km, which include
Miyapur to LB Nagar – 30 Kms
Jubilee Bus Station to Falaknuma – 15 Kms
Nagole to Shilparamam – 26 Kms
Full article here