The Centre has approved Metro rail projects in Visakhapatnam and Vijayawada while Hyderabad’s Metro expansion proposals remain pending. Telangana accuses the BJP-led government of discrimination, as repeated requests for Phase II approvals have been rejected or delayed, despite similar projects being cleared in other cities.
Civil society organisations have alleged that the Telangana government’s decision to take over Hyderabad Metro Rail amounts to a bailout of L&T with public money rather than a genuine takeover. They demanded transparency in the agreement and raised concerns over the Rs 13,527 crore refinancing loan from IRFC.
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
