Hyderabad, April 30: L&T Metro Rail (Hyderabad) Ltd (L&TMRHL) is expected to create direct and indirect employment to over two lakh workers in the state. Once operational, the project is also expected to attract investments of about Rs 40,000 crore to Rs 50,000 crore.
L&TMRHL is a special purpose vehicle floated jointly by infrastructure company Larsen & Toubro Ltd and government of Andhra Pradesh to execute the Rs 16,375-crore metro project.
“We hope the project would create more number of direct and indirect employment opportunities,” said NVS Reddy, managing director, Hyderabad Metro Rail Ltd.
The first phase is expected to be completed in the next five years. “As part of the first phase of the project, we would hire about 50,000 workers to undertake the construction of the metro project over the next five years. About 2,500 skilled engineers would also be part of the project,” said Vivek B Gadgil, chief executive & managing director, L&TMRHL.
Meanwhile, as part of its skill development initiative, L&T has set up a construction skills training institute in Jedcharla, Mahabubnagar district last year. The centre offers a three-month course in system formwork, bar bending and steel fixing, masonry and construction and electrical works.
–Agencies