L&T Hyderabad Metro sees investment of ₹14,172 crore.

L&T Metro Rail Hyderabad Limited has thus far incurred a cumulative expenditure of ₹14,172 crore on the elevated rail project.

This includes ₹12,143 crore by L&TMRHL on the rail project and real estate component and ₹2,029 crore by the State (Hyderabad Metro Rail Limited), achieving an overall progress of 75 per cent.

During 2016, thus far, ₹2,902 crore has been spent on the project which includes ₹2,742 crore by L&TMRHL and ₹160 crore by HMRL.

With the completion of 2,340 foundations in 61 km, 2231 pillars (58 km) and viaduct in 50 km, and completion of major portion of works in overhead electrical traction, signalling and telecommunication systems and at stations along the rail network, the project has achieved 75 per cent overall progress, according to NVS Reddy, Managing Director of HMRL. For the 72-km elevated metro rail project being developed along three dense corridors, the year 2016 has been an eventful with a number of long-pending properties being acquired and contentious issues resolved thereby facilitating the project progress.

Among the major successes has been resolving the deadlock over the rail overbridges and commencement of works on several sections. The metro received all the 57 three car trains (57 x 3=171 coaches) from Hyundai Rotem of South Korea.

In yet another important milestone, the metro project has secured nod from the Commissioner for Metro Rail Safety for couple of segments.

Earlier, there were some concerns about the overall expenditure on the metro project likely to shoot up, there is no official word on whether the cost will go up.

There is also some possibility of the project time line getting extended.

HBL