Hyderabad

The proposals for Metro Rail Phase 2 (B), along with all the required documents and Detailed Project Reports (DPRs), were submitted to the Union Government on Saturday.

Chief Minister A. Revanth Reddy, during his recent visit to New Delhi, urged the Centre to sanction permissions for the project at the earliest.

The Phase 2 (B) project consists of three corridors — Rajiv Gandhi International Airport to Bharat Future City (39.6 km) with an estimated cost of ₹7,168 crore; Jubilee Bus Station (JBS) to Medchal (24.5 km) to be constructed at an estimted cost of ₹6,946 crore and JBS to Shamirpet (22 km) to be constructed at ₹5,465 crore.

It covers a total length of 86.1 km involving an investment of ₹19,579 crore.

As per the JV project norms of the Central government, Phase 2 (B) cost of ₹19,579 crore will have GoTG’s share of ₹5,874 crore (30%), GoI’s share of ₹3,524 crore (18%); debt from international financial institutions of ₹9,398 crore (48%) and a small PPP component of ₹783 crore (4%).