Silence looms over Hyderabad Metro Rail Phase II despite Centre-State agreement on its joint venture and funding
Despite a recent agreement between the Centre and the Telangana government to form a joint venture for the Hyderabad Metro Rail Phase II, progress has stalled with no clear timeline for implementation. The project remains in limbo as both parties navigate complex financial restructuring and the acquisition of the existing Phase I network.
Why it matters
The delay in expanding Hyderabad's metro infrastructure hinders urban mobility and economic growth for one of India's fastest-growing technology and business hubs.
It has been a month since the Centre and the Telangana government agreed to form a joint venture not only to take up the proposed Hyderabad Metro Rail (HMR) Phase II project but also to devise a financial mechanism for acquiring the 69.2-km Phase I network from L&T Metro Rail Hyderabad.
Union Ministers Manohar Lal Khattar (Housing and Urban Affairs), Ashwini Vaishnaw (Railways), G. Kishan Reddy (Coal and Mines) and Chief Minister A. Revanth Reddy were said to have arrived at an amicable formula to move the project forward. The understanding involved appointing SBI Caps to revalue the Phase I project and create a joint mechanism with officials from both governments to oversee the process. Since then, however, there has been silence.
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