Hyderabad: The ongoing 72-km elevated Hyderabad Metro Rail (HMR) project has achieved 75 per cent overall progress, its Managing Director NVS Reddy said today.
“2016 has been an eventful year for the Hyderabad Metro Rail project. Several long pending properties have been acquired and contentious issues resolved at some critical locations to take the project forward,” Reddy said.
During the year, an amount of Rs 2,902 crore was spent (Rs 2742 crore by L&TMRH and Rs 160 crore by HMR), he said.
“Cumulative expenditure on the project so far is Rs 14,172 crore (Rs 12,143 crore by L&T MRHL on both Metro Rail and Real Estate and Rs 2,029 crore by HMRL).
“With completion of 2340 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, the project has achieved 75 per cent overall progress,” Reddy stated in a release.
L&T Metro Rail Hyderabad (L&TMRH) is developing the 72-km elevated HMR project which will have three corridors and 66 stations.
The HMR chief further said all the 57 three-car trains from Hyundai Rotem, South Korea, have been received and sanction of Commissioner for Metro Rail Safety (CMRS) for the Miyapur – SR Nagar section (12 km) of corridor-I was also received.
The HRM project is the world’s largest public-private partnership project (PPP) in the sector. The metro network will cover a total distance of around 72 km across three corridors.
The project was initially scheduled to be completed by July 2017, but delays like changes in alignment, land acquisition and other issues have resulted in the project overshooting the deadline.
Authorities had earlier said all three Metro Rail corridors, including the one passing through the Old City, would be completed by December 2018.