Latest news with #HyderabadMetroRailPhase-II
The Hindu
15 hours ago
- Business
- The Hindu
CM requests Union Govt. to sanction permissions for Hyderabad Metro Phase-II at the earliest
Chief Minister A. Revanth Reddy has requested the Union Urban Affairs Ministry to sanction permissions for the Hyderabad Metro Rail Phase-II at the earliest. The Chief Minister made the request to Union Urban Development Minister Manoharlal Khattar on Thursday. Mr. Revanth Reddy, who is on a visit to New Delhi, called on Mr. Khattar at his residence this afternoon. He briefed the Union Minister about the rapid development witnessed in Greater Hyderabad and said operationalisation of Metro rail phase-II spanning 76.4 km was of utmost importance for further accelerating it. The State Government had accordingly decided to take up the second phase of the project as a joint venture with the Central Government with an estimated ₹24,269 crore. He said putting in place Metro phase-II project would reduce traffic congestion and ensure faster travel thereby, contributing to sustained development of the city. The State Government had submitted revised detailed project report pertaining to the metro phase-II incorporating the suggestions made by the Union Urban Development Ministry and requested Mr. Khattar to extend his cooperation in securing speedy permissions from the Ministries concerned.
The Hindu
7 days ago
- Business
- The Hindu
311 properties acquired, ₹283 crore disbursed for Old City Metro line
Hyderabad Airport Metro Limited (HAML) has informed that 311 properties have been acquired and ₹283 crore disbursed so far even as there has been a good progress in the demolition of properties and debris clearance in the Old City stretch in the 7.5-kilometre stretch from MG Bus Station (MGBS) to Chandrayanagutta as part of the proposed Phase-II Metro Rail line expansion project. Hyderabad Metro Rail Phase-II covering 76.4 km spread across five corridors, including extending the existing first phase lines of 69.2 km in the capital region, at an estimated cost of ₹24,269 crore is currently undergoing appraisal at various ministries at the Centre for the proposed joint venture project. HAML Managing Director N.V.S. Reddy said there has been total cooperation from the property owners for the work with the government paying an attractive compensation package to them, mostly as consent awards. The officials involved in the demolitions of non-heritage structures have been working day-and-night carefully by undertaking major tasks during the night avoiding any disruption of traffic, he explained. There are several challenges involved in carrying out the work in the Old City because of the close proximity of buildings almost touching each other and the presence of intertwined electrical, telecom and other cables, pointed out Mr. Reddy. The MD was especially appreciative of the work put in by HAML women officials for being patient with the affected property owners explaining about the consent awards and supervising the road expansion job after dark. He reiterated that appropriate engineering solutions are being adopted to protect the heritage structures and that as assured to the High Court, no heritage structure will be touched or demolished. HAML has submitted to the HC that no heritage structure is being touched or being demolished and that the Metro Rail alignment is far away from Charminar and Falaknuma precincts. But, there has been a social media misinformation campaign which is unfortunate. The matter is sub-judice and this needs to be kept in mind, he added.
Time of India
25-05-2025
- Business
- Time of India
Hyderabad Metro Rail Phase 2: Telangana CM Requests ₹24,269 Crore for Hyderabad Metro Phase-II and Defence Corridor Status from PM Modi, ET Infra
Advt Advt Telangana Chief Minister A Revanth Reddy on Saturday called on Prime Minister Narendra Modi and sought approval for the Hyderabad Metro Rail Phase-II project worth ₹24,269 crore and official recognition of the Hyderabad-Bangalore defence manufacturing corridor. The chief minister made a comprehensive presentation to the Prime Minister on four key areas -- metro rail expansion, regional connectivity infrastructure, semiconductor ecosystem development and defence manufacturing sector growth in the state, according to a release by the Telangana the meeting held separately at Bharat Mandapam here, Reddy sought cabinet approval for Hyderabad Metro Rail Phase-II, which envisages expansion of 76.4 km across five corridors. The existing Phase-I covers 69 km across three corridors and was implemented at a cost of ₹22,000 to the funding pattern, the Centre's share would be 18 per cent (₹4,230 crore), state government's contribution 30 per cent (₹7,313 crore) and the remaining 48 per cent (₹11,693 crore) would be through debt financing."No expansion has been taken up in the last 10 years by the previous government. The present government has submitted comprehensive proposals for Phase-II expansion," Reddy told the Prime state government had submitted the proposals to Ministry of Housing and Urban Affairs on November 4, 2024, and has already provided clarifications sought by the ministry, the release chief minister pointed out that Chennai Metro Phase-II (₹63,246 crore) was approved in October 2024, while Bangalore Metro Phase-II (₹14,788 crore) got nod in April 2021 and Phase-III (₹15,611 crore) in August also sought approval for the Regional Ring Road comprising northern and southern corridors around Hyderabad. The northern part from Sangareddy to Choutuppal covers major towns including Narsapur, Toopran, Gajwel, Jagdevpur and the northern corridor, NHAI has already initiated land acquisition with the state sharing 50 per cent of LA costs. Awards for over 90 per cent land have been sent to NHAI for approval and tenders have been CM requested simultaneous development of both northern and southern parts, citing traffic saturation on existing Outer Ring Road with over one lakh vehicles per day."Unless both parts are taken up simultaneously, the roads cannot be put to efficient use. Delayed implementation of southern part will lead to cost escalation," he state also proposed Regional Ring Railway parallel to the 370-km ring road and a greenfield expressway from Bandar port to dry port near Hyderabad to boost the pharmaceutical Telangana's semiconductor ecosystem with global R&D centres of AMD, Qualcomm, NVIDIA and manufacturers like Foxconn and Kaynes, Reddy sought the Centre's support for India's Semiconductor Mission (ISM) projects."Telangana offers seismic safety, industrial land, skilled workforce and strong infrastructure making it ideal for semiconductor investments aligned with the target of USD 500 billion electronics production by 2030," he Chief Minister sought official notification of Hyderabad-Bangalore defence corridor, pointing out that other states receive policy support while mature ecosystems like Hyderabad are hosts over a dozen Defence PSUs, 1,000-plus MSMEs and has attracted global majors including Lockheed Martin, Boeing, GE, Safran and requested fast-track approvals for defence joint ventures, assured government orders for OEMs, and Production Linked Incentive scheme for defence MSMEs facing high investments and long gestation CM also sought to host the next DefExpo in Hyderabad, emphasizing the city's position as the largest Make in India hub for aerospace and defence was in the national capital to attend the 10th governing council meeting of government think tank NITI Aayog. Later, the Chief Minister met Union Minister for Heavy Industries H D Kumaraswamy and discussed state issues.
Economic Times
24-05-2025
- Business
- Economic Times
Telangana CM Revanth Reddy seeks PM Modi's nod for Rs 24,269 cr Hyderabad Metro Phase-II, defence corridor status
ANI Telangana CM Revanth Reddy Telangana Chief Minister A Revanth Reddy on Saturday called on Prime Minister Narendra Modi and sought approval for the Hyderabad Metro Rail Phase-II project worth Rs 24,269 crore and official recognition of the Hyderabad-Bangalore defence manufacturing corridor. The chief minister made a comprehensive presentation to the Prime Minister on four key areas -- metro rail expansion, regional connectivity infrastructure, semiconductor ecosystem development and defence manufacturing sector growth in the state, according to a release by the Telangana government. In the meeting held separately at Bharat Mandapam here, Reddy sought cabinet approval for Hyderabad Metro Rail Phase-II, which envisages expansion of 76.4 km across five corridors. The existing Phase-I covers 69 km across three corridors and was implemented at a cost of Rs 22,000 crore. According to the funding pattern, the Centre's share would be 18 per cent (Rs 4,230 crore), state government's contribution 30 per cent (Rs 7,313 crore) and the remaining 48 per cent (Rs 11,693 crore) would be through debt financing. "No expansion has been taken up in the last 10 years by the previous government. The present government has submitted comprehensive proposals for Phase-II expansion," Reddy told the Prime Minister. The state government had submitted the proposals to Ministry of Housing and Urban Affairs on November 4, 2024, and has already provided clarifications sought by the ministry, the release said. The chief minister pointed out that Chennai Metro Phase-II (Rs 63,246 crore) was approved in October 2024, while Bangalore Metro Phase-II (Rs 14,788 crore) got nod in April 2021 and Phase-III (Rs 15,611 crore) in August 2024. Reddy also sought approval for the Regional Ring Road comprising northern and southern corridors around Hyderabad. The northern part from Sangareddy to Choutuppal covers major towns including Narsapur, Toopran, Gajwel, Jagdevpur and Bhongir. For the northern corridor, NHAI has already initiated land acquisition with the state sharing 50 per cent of LA costs. Awards for over 90 per cent land have been sent to NHAI for approval and tenders have been floated. The CM requested simultaneous development of both northern and southern parts, citing traffic saturation on existing Outer Ring Road with over one lakh vehicles per day. "Unless both parts are taken up simultaneously, the roads cannot be put to efficient use. Delayed implementation of southern part will lead to cost escalation," he said. The state also proposed Regional Ring Railway parallel to the 370-km ring road and a greenfield expressway from Bandar port to dry port near Hyderabad to boost the pharmaceutical sector. Highlighting Telangana's semiconductor ecosystem with global R&D centres of AMD, Qualcomm, NVIDIA and manufacturers like Foxconn and Kaynes, Reddy sought the Centre's support for India's Semiconductor Mission (ISM) projects. "Telangana offers seismic safety, industrial land, skilled workforce and strong infrastructure making it ideal for semiconductor investments aligned with the target of USD 500 billion electronics production by 2030," he said. The Chief Minister sought official notification of Hyderabad-Bangalore defence corridor, pointing out that other states receive policy support while mature ecosystems like Hyderabad are overlooked. Hyderabad hosts over a dozen Defence PSUs, 1,000-plus MSMEs and has attracted global majors including Lockheed Martin, Boeing, GE, Safran and Honeywell. Reddy requested fast-track approvals for defence joint ventures, assured government orders for OEMs, and Production Linked Incentive scheme for defence MSMEs facing high investments and long gestation periods. The CM also sought to host the next DefExpo in Hyderabad, emphasizing the city's position as the largest Make in India hub for aerospace and defence manufacturing. Reddy was in the national capital to attend the 10th governing council meeting of government think tank NITI Aayog. Later, the Chief Minister met Union Minister for Heavy Industries H D Kumaraswamy and discussed state issues.
Time of India
24-05-2025
- Business
- Time of India
Telangana CM Revanth Reddy seeks PM Modi's nod for Rs 24,269 cr Hyderabad Metro Phase-II, defence corridor status
Telangana Chief Minister A Revanth Reddy on Saturday called on Prime Minister Narendra Modi and sought approval for the Hyderabad Metro Rail Phase-II project worth Rs 24,269 crore and official recognition of the Hyderabad-Bangalore defence manufacturing corridor . The chief minister made a comprehensive presentation to the Prime Minister on four key areas -- metro rail expansion, regional connectivity infrastructure, semiconductor ecosystem development and defence manufacturing sector growth in the state, according to a release by the Telangana government . In the meeting held separately at Bharat Mandapam here, Reddy sought cabinet approval for Hyderabad Metro Rail Phase-II, which envisages expansion of 76.4 km across five corridors. The existing Phase-I covers 69 km across three corridors and was implemented at a cost of Rs 22,000 crore. According to the funding pattern, the Centre's share would be 18 per cent (Rs 4,230 crore), state government's contribution 30 per cent (Rs 7,313 crore) and the remaining 48 per cent (Rs 11,693 crore) would be through debt financing. "No expansion has been taken up in the last 10 years by the previous government. The present government has submitted comprehensive proposals for Phase-II expansion," Reddy told the Prime Minister. The state government had submitted the proposals to Ministry of Housing and Urban Affairs on November 4, 2024, and has already provided clarifications sought by the ministry, the release said. Live Events The chief minister pointed out that Chennai Metro Phase-II (Rs 63,246 crore) was approved in October 2024, while Bangalore Metro Phase-II (Rs 14,788 crore) got nod in April 2021 and Phase-III (Rs 15,611 crore) in August 2024. Reddy also sought approval for the Regional Ring Road comprising northern and southern corridors around Hyderabad. The northern part from Sangareddy to Choutuppal covers major towns including Narsapur, Toopran, Gajwel, Jagdevpur and Bhongir. For the northern corridor, NHAI has already initiated land acquisition with the state sharing 50 per cent of LA costs. Awards for over 90 per cent land have been sent to NHAI for approval and tenders have been floated. The CM requested simultaneous development of both northern and southern parts, citing traffic saturation on existing Outer Ring Road with over one lakh vehicles per day. "Unless both parts are taken up simultaneously, the roads cannot be put to efficient use. Delayed implementation of southern part will lead to cost escalation," he said. The state also proposed Regional Ring Railway parallel to the 370-km ring road and a greenfield expressway from Bandar port to dry port near Hyderabad to boost the pharmaceutical sector. Highlighting Telangana's semiconductor ecosystem with global R&D centres of AMD, Qualcomm, NVIDIA and manufacturers like Foxconn and Kaynes, Reddy sought the Centre's support for India's Semiconductor Mission (ISM) projects. "Telangana offers seismic safety, industrial land, skilled workforce and strong infrastructure making it ideal for semiconductor investments aligned with the target of USD 500 billion electronics production by 2030," he said. The Chief Minister sought official notification of Hyderabad-Bangalore defence corridor , pointing out that other states receive policy support while mature ecosystems like Hyderabad are overlooked. Hyderabad hosts over a dozen Defence PSUs, 1,000-plus MSMEs and has attracted global majors including Lockheed Martin, Boeing, GE, Safran and Honeywell . Reddy requested fast-track approvals for defence joint ventures, assured government orders for OEMs, and Production Linked Incentive scheme for defence MSMEs facing high investments and long gestation periods. The CM also sought to host the next DefExpo in Hyderabad, emphasizing the city's position as the largest Make in India hub for aerospace and defence manufacturing. Reddy was in the national capital to attend the 10th governing council meeting of government think tank NITI Aayog . Later, the Chief Minister met Union Minister for Heavy Industries H D Kumaraswamy and discussed state issues.
