Hyderabad Metropolitan Development Authority to invest in metro rail to Rajiv Gandhi International Airport

The State government has earmarked Rs 400 crore for the ‘Hyderabad Metro Airport Express’ in the current Budget.

Published: 20th March 2018 04:43 AM  |   Last Updated: 20th March 2018 04:43 AM   |  A+A-

Hyderabad Metro Rail image used for representational purpose. (EPS| R Satish Babu)

Express News Service

HYDERABAD: To hasten the extension of  Metro Rail connectivity from Gachibowli (Raidurg) to Rajiv Gandhi International Airport at Shamshabad, a special purpose vehicle called Hyderabad Airport Metro Limited’’ would be created shortly. The State government has earmarked Rs 400 crore for the ‘Hyderabad Metro Airport Express’ in the current Budget.

The implementing agency Hyderabad Metro Rail Limited (HMRL) will have major share of 51 per cent while Hyderabad Metropolitan Development Authority (HMDA) will hold 48.90 per cent. HMDA will invest in the project and a decision on creating the special purpose vehicle would be taken after a discussion by the State Cabinet. 

The connectivity from Gachibowli will pass through the Financial District and the elevated line will most likely be about 30 km from Gachibowli to Shamshabad. The Delhi Metro Rail Corporation (DMRC) has been entrusted with the job of preparing the detailed project reports (DPR) for the Metro Rail Phase II expansion plan including providing link from Gachibowli to Shamshabad Airport.  

HMDA officials said that having metro connectivity to the airport will attract more investments and there would be spurt in developmental activities as well as there will be capital  investments along the proposed alignment. Through developmental activities, HMDA would get development charges. HMRL will be the implementing agency while HMDA would invest in the project as HMDA has large parcels of lands which could give a fillip and increase land values.

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp