Centre refuses Rs. 2.5 billion for Metro, Hyderabad approaches NITI, PMO.

The Centre has refused to release about Rs. 2.5 billion to Hyderabad Metro project, citing breach of contract, which has made the latter push back, escalating the issue to NITI Aayog and the Prime Ministers’ Office. The project will throw open its second line, a 16-km stretch between Ameerpet and LB Nagar in the city, on Monday.

The disputed sum is the last tranche of Rs. 14.58 billion as viability gap funding agreed to between the finance ministry and the L&T Metro Rail Hyderabad (L&TMRH), the concessionaire building the rapid Metro for the capital of Telangana. 

BS