Telangana government to complete Hyderabad Metro Rail takeover from L&T by March
Telangana government has directed officials to complete the takeover of Hyderabad Metro Rail from L&T by the end of this financial year. Chief Secretary K Ramakrishna Rao emphasised a smooth transfer, with L&T cooperation and a 100-day action plan.
Hyderabad: The State government directed officials concerned to complete the process of taking over Hyderabad Metro Rail from L&T by the end of the current financial year.
Reviewing the status of the Metro Rail takeover here on Tuesday, Chief Secretary K Ramakrishna Rao emphasised that the transfer must be carried out smoothly and expeditiously in line with the agreement reached between both parties.
He clarified that the process should proceed without any hindrance to existing agreements and instructed that planned actions be taken systematically over the next 100 days.
The transaction advisor from IDBI has been asked to finalise its report at the earliest to facilitate the completion of the takeover.
The L&T must extend full cooperation in this process, he said, and instructed HMRL MD Sarfaraz Ahmad to prepare proposals related to operations and maintenance after the takeover.
Advisor (urban transport) to State government, NVS Reddy, Special Chief Secretary Vikas Raj, and L&T Metro Rail Hyderabad Limited MD KVB Reddy, IDBI officials and others also participated.
