RailEnquiry

HYDERABAD: India's largest engineering and construction company by revenues Larsen & Toubro, which is implementing the country's largest elevated metro rail project in Hyderabad, said on Tuesday the first phase of the metro rail project will be commissioned by 2014.The project consists of three corridors covering a total distance of 71.16 kilometres to be implemented in four phases. Corridor-I will extend from Nagole to Shilparamam (27.51 km - 23 stations), corridor-II from Miyapur to L.B. Nagar spread over 28.87 km with 27 stations, while corridor-II will be from JBS to Falaknuma stretch over 14.78 km with 23 stations.V. B. Gadgil, CE & MD, L&T Metro Rail, said the first phase includes the stretch from Nagole to Mettuguda and from Miyapur to Ameerpet. "Work will simultaneously go on in the other phases as well. We will finalise vendors for rolling stock, telecom, signalling systems by June," he said.Four firms have bid for supplying the rolling stock including the Canadian aircraft and railway coach maker Bombardier, a consortium led by Hyundai and BEML and a Chinese and Spanish company, the executive said.For the Rs 16,336 crore of project, the company has so far invested Rs 3,400 crore as equity. The viability gap funding for the project provided by the government is Rs 1,458 crore and the banks have lent the company Rs 11, 478 crore as term loans for the project.

Hyderabad Metro Rail project is being implemented with the Andhra Pradesh government on public private partnership mode under the design, build, finance, operate and transfer (DBFOT) format. The concession agreement was signed by with the AP government in September 2010.

"The company will execute transit oriented development along the corridors and depot of around 18.5 million square feet, apart from connecting the multiple modes of transport. Once implemented, Hyderabad will be among the first cities in India with integrated urban planning with inter-modal connectivity and convenient sky-walks making seamless commuting a reality," Gadgil said.