Commercial operations of the Metro project will begin November 29, Hyderabad Metro Rail officials said
Today’s Paper : Prime Minister Narendra Modi on Tuesday inaugurated first phase of 30-km stretch Hyderabad Metro Rail project, touted as the world’s largest public-private partnership (PPP) in the sector. Commercial operations of the Metro project will begin November 29, Hyderabad Metro Rail officials said.
After inaugurating the first leg of Hyderabad Metro project from the Miyapur metro rail station on Tuesday, PM Modi took a ride in the metro.
The project has overcome many hurdles such as default by the first concessionaire Maytas Infra-led consortium and subsequent developments, crucial land acquisition by the state government and logjam for some time over route alignment, among others.
Here is the timeline of the project.
May 2007: Formation of Hyderabad Metro Rail Limited.
September 2008: Concession Agreement signed between Andhra Pradesh Government (undivided) and Maytas Metro Ltd (MML).
July 2009: Termination of CA with MML and invoking of Bank Guarantee for Rs 60 crore (plus Rs 11 crore).
July 2010: Financial Bids (RFP) opened for the second time.
September 2010: Concession Agreement signed with LTMRHL (L&T Metro Rail Hyderabad Limited).
January 2011: Allotment of 104 acres of land at Uppal.
March 2011: Financial Closure, submission for Escrow, Substitution Agreement, Common Loan Agreement.
March 2012: Handing over of Miyapur Depot land (104 acres) to LTMRHL.
April 2012: Commencement of ground works by the concessionaire.
May 2012: Appointment of Keolis as O&M contractor by LTMRHL.
November 2012: Formal inauguration of Metro Rail works by the Chief Minister of Andhra Pradesh (undivided).
May 2013: Final approval of Viability Gap Funding of Rs 1,458 crore by the Centre.
September 2014: Notification of the alignment of three corridors of Hyderabad Metro Rail project under Central Metro Acts by the Centre.
January 2015: Approval of Signalling and Telecom system of HMR project by Railway Board.
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