Work on Hyderabad Metro Rail Ltd, the ambitious Rs 12,136-crore public-private partnership project being developed by concessionaire L&T, is set to commence shortly, according to Mr N.V.S. Reddy, Managing Director.

Speaking at Advantage AP, Mr Reddy said “financial closure of the project will also be announced shortly and the much-awaited project will take off soon.”

“We have seen opposition to implementation of projects like this in the past. Negotiations and persuasions and appropriate compensation will ensure that all issues relating to the project are sorted out,” he said.

Mr Reddy said the initiatives taken up by the Government to form the Hyderabad Metropolitan Development Authority (HMDA), which manages about 7,100 sq km, the development of the Outer Ring Road, creation of 33 radial roads and the metro project, will have a long-term perspective with the capability to host a population of about 3 crore.”

“Typically, for large cities, about 60 per cent of the population commutes by public transport. This is just about 42 per cent in the case of Hyderabad; that too, mainly by bus. The 71-km three-corridor metro project with 63 stations will help rejuvenate the urban areas of the twin cities,” he said.

“The project has factored in various issues and will develop stations into commercial hubs and entertainment areas, virtually transforming the city. This is not futuristic, you will have it within five years,” he told the gathering, assuring it would transform city transport.

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