Besides the chief minister of Telangana, Modi was accompanied by Governor of Andhra Pradesh and Telangana E S L Narasimhan, Union Minister for Housing and Urban Affairs Hardeep Singh Puri, Telangana's IT Minister K T Rama Rao and state Bharatiya Janata Party chief K Laxman in the much-awaited train's inaugural run.
The first metro train that was rolled out from Korea to Hyderabad recently will be put on tracks for test and trials in the next couple of days.
Clarifies over the raging media controversy over its intent to exit
The development comes a day after the Andhra Pradesh government demanded an unconditional apology from DMRC Managing Director E Sreedharan for his remarks on the HMRL project in his letter to Planning Commission Deputy Chairman Montek Singh Ahluwalia.
The metro rail commenced its operations between Miyapur and Nagole, having a total distance of 30 kilometre and 24 stations.
The Andhra Pradesh Cabinet has approved a bill to implement Rs 9,696 crore Hyderabad Metro Rail Project which is expected to be completed by 2011.
In a letter to Prime Minister Manmohan Singh, UPA chairperson Sonia Gandhi, and Union Environment Minister Jairam Ramesh, the activists expressed concerns over the negative impact of the project.
Hyderabad Metro has taken up a study to change the alignment of the rail track in order to avoid the Legislative Assembly building and Sultan Bazar stretch in Hyderabad, even as the realignment is expected to escalate the project cost by over Rs 300 crore (Rs 3 billion).
Deloitte will assist Hyderabad Metro and the Andhra Pradesh government in preparation of bid documents, evaluation of bids, revision of the financial model, selection of concessionaire and negotiations with financial institutions for financial closure. The consultancy contract will be in force for one year.
The new concessionaire will be appointed by the end of April and the groundwork for the project is expected to begin in October.
The foundation stone for the prestigious Hyderabad Metro Rail Project will be laid in January 2011.
Rejecting allegations of irregularities, L&T Hyderabad Metro Rail Limited today said it was ready for a probe but would not bow down to any "threats" and would complete the project by December next year as scheduled.
The over Rs 15,000-crore Hyderabad project comprises 72 kilometre of elevated metro rail line and six million sft of transit-oriented development.
As a fallout of the financial irregularities in Satyam Computer Services, a section of the United Progressive Alliance government is in favour of cancelling the award of the Hyderabad Metro Rail project. The project was won by the Nava Bharat-led consortium, in which Maytas Infra, a listed firm related to Satyam's promoters, is one of the partners.
In what could bring some respite to Maytas Infra, which is caught in a controversy after Satyam aborted its bid to acquire it, the Andhra Pradesh government refused to see the Satyam issue as a factor that would impact the Rs 12,000-crore (Rs 120 billion) Hyderabad Metro Rail (HMR) project, which is being executed by a Maytas-led consortium.
The Cabinet has cleared the proposal for metro rail in Hyderabad, Mumbai and Bangalore, Union Minister for Urban Development Minister Jaipal Reddy said on Friday.
Globally, governments are undertaking ambitious projects that will change the infrastructure of the respective regions.
Your daily ride to work is not going to be that easy. An analysis of the progress of top metro projects across India suggests that apart from the Delhi and Jaipur Metro and Chennai Monorail, the remaining projects are still in the planning stages.
Delhi Metro Rail link will make commuting to Delhi's new airport a mere 21-minute run. Plans also include check in counters at the metro's stations.
Work on the Hyderabad metro rail will begin by May next year and some sections will be opened for traffic by March 2014. The entire project will be completed by end of 2014.
L&T Metro Rail Hyderabad Ltd, which is developing a 72-km elevated metro rail in Hyderabad, said the project is likely to see a cost escalation of between Rs 2,500 crore to Rs 3,000 crore (Rs 25-30 billion).
As Hyderabad prepares the road map for its Metro rail, the city's oldest markets face survival threat.
This is the second project in the country in which a metro rail project is being undertaken through a PPP model after the 71-kilometre Hyderabad metro project was won by Maytas Infrastructure. According to industry sources, infrastructure major Larsen & Toubro had also initially shown interest for the project, but backed out finally.
The metro, it seems, is politics-proof -- even if it comes at a high cost.
The Andhra Pradesh government has scrapped its 10-month-old agreement with Maytas Infrastructure-led consortium for the implementation of the prestigious Rs 12,230-crore (Rs 122.390 billion) Hyderabad Metro Rail Project.
Consortium of 10 banks, led by the State Bank of India, has sanctioned the entire debt requirement of Rs. 11.480 crore for the project.
The Anil Ambani group's Reliance Infrastructure and Hyderabad-based Lanco Infratech have so far purchased the Request for Qualification applications for taking up the Rs 12,132-crore (Rs 121.32 billion) Hyderabad Metro Rail project.
Andhra Pradesh's Municipal Administration and Urban Development Minister Anam Ramnarayana Reddy said a meeting would be held shortly and various milestones achieved in the project ever since it was awarded to Maytas Infra would be reviewed. The concession agreement and its clauses would be reviewed at the meeting, said a senior official, adding the government was serious about the clauses and there was no question of taking a soft stance.
The process will be initiated on July 16 and completed by November 15, according to state municipal administration minister Aanam Ramanarayana Reddy. Last week, the state government cancelled the contract awarded to Maytas Infra-led consortium after it failed to tie up funds despite a three-month extension. Maytas Infra is promoted by kin of disgraced Satyam founder B Ramalinga Raju.
Metro rail projects in Hyderabad and Mumbai will come up through PPP model. Besides Metro, government is also keen to allow bus rapid transit (BRT) system, construction of road over bridge (ROB) and underpass through the PPP mode. The JNNURM scheme launched in the end of 2005 recognises that mere funding of infrastructure projects alone will not enable in transforming cities and what is required is a clear focus on a set of reforms at state and urban local body level.
The exit of Larsen & Toubro (L&T) from the Hyderabad Metro is a long-term positive for the stock. It could be a bullish trigger, alongside higher international orders, and new opportunities in segments like defence and data centres.
The company failed to achieve financial closure for the Rs 12,100-crore (Rs 121 billion) metro project in March and had sought extension of the deadline by another six months. The decision on it is pending with the state government. Doubts were also expressed about its capabilities to execute the Rs 1,650-crore (Rs 16.5 billion) Machilipatnam project.
The company had approached banks with a CDR request for about Rs 1,700 crore. However, according to company sources, the banks felt that Maytas must shed the flab, which includes dilution of stake in the Bangalore elevated tollway to raise funds before the CDR is granted. It has also been reportedly told that it should disengage from various projects which it cannot take forward.
Maytas Infrastructure, majority-owned by the family of scam-hit IT firm Satyam's disgraced founder B Ramalinga Raju, is believed to have proposed bringing in Reliance Infra as a partner in the prestigious Rs 12,200-crore (Rs 122 billion) metro rail project in Hyderabad.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
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While 44 per cent of the problems relate to environmental issues, 60-65 per cent under the PMG radar are coal-fired thermal power projects mostly awaiting coal linkages.
Within hours of Company Law Board orders, the government on Thursday appointed its nominees on the boards of Maytas Infra and Maytas Properties, the companies promoted by the kin of disgraced founder of the Satyam Computer Services B Ramalinga Raju.
Under the 20.68 km-long monorail project, services will be provided between Poonamalle and Kathipara with a link from Porur to Vadapalani in Chennai, a senior UD Ministry official said.
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