The Telangana government has appointed SBICAPS to reassess Hyderabad Metro Phase-I valuation and financing despite completing a similar exercise last year. The move has triggered questions over the earlier valuation, a Rs 84-crore upfront fee, and delays in securing loans for the takeover
Union Minister G Kishan Reddy dismissed Chief Minister A Revanth Reddy's allegations of political interference in the Hyderabad Metro refinancing loan, stating that the delay stemmed from technical issues relating to loan repayment priorities and required discussions between the Centre and the State
The Telangana government's takeover of Hyderabad Metro remains incomplete as the release of a Rs 13,600-crore IRFC refinancing loan has been delayed. Chief Minister Revanth Reddy alleges political interference, while L&T will continue operating the metro until the transition is finalised
KTR criticised the Telangana government in the Assembly over the Musi Riverfront project, Metro Rail takeover and Future City plan, alleging lack of transparency and selective action. The government defended its decisions, saying the DPR would be made public soon
