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Moneycontrol » News » CNBC-TV18 Comments
Hyderabad metro work crawls, AP govt goes for alternativePublished on Sat, Jun 27, 2009 at 13:19 | Source : CNBC-TV18 Updated at Mon, Jun 29, 2009 at 09:25
Here is a verbatim transcript of Vishwanath Pilla's comments on CNBc-TV18. Also watch the accompanying video. It has been on the backburner for a while now, as the AP government bet on the Hyderabad Metro Rail Project to ease Sources say the government has written to the Ministry of Railways to initiate efforts for the second phase. Estimates suggest the project could cost the AP government upto Rs 614 crore, with the Railways bearing one-third the total cost. Phase-II will span 67 kilometres, and will cover three sectors-Secunderabad to Medchal, Faluknuma to Shamshabad and Secunderabad to Ghatkesar - Hyderabadis are all for the move. When the project was first started in 2003, it did not find many takers and as the frequency of MMTS trains fell, Phase-2 was put on hold. CNBC-TV18 learns there was another reason phase-2 of the project had been shelved-a rider in the concession agreement of the Hyderabad Metro Rail Project, which prohibits a competing parallel transport system. But with increasing traffic congestion, and a delayed metro project, this may be
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