Source: Financial Express, Oct. 15, 2018
New Delhi: The Hyderabad Metro Rail Ltd (HMRL), touted as the largest Metro project in the world to be implemented in the public-private partnership (PPP) mode, has put to rest questions about its viability, clocking a daily ridership of two lakh per day, as against estimates of 60,000 passengers a day. The city’s response to the mass transit system has also raised the likelihood of the project breaking even in the next six-seven years.
L&T Metro Rail (Hyderabad) Ltd (L&TMRHL), the concessionaire for Phase I of the project, expects to complete 66 km of the total 72-km elevated network by mid-2019 – there is some uncertainty at present about the leftover stretch, with talk doing the rounds that the Telangana government would like to execute it in place of the concessionaire.
A 16-km stretch between Ameerpet and L B Nagar was operationalised late last month, completing Corridor One that extends from Miyapur to LB Nagar (29 km). In November, 2017, Prime Minister Narendra Modi had commissioned a 29-km network across two corridors. Read the rest of this entry »