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.
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).
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).
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