Hyderabad Metro Rail Ltd (HMRL), which commissioned its 29-km stretch last month, is working towards fully commissioning two stretches of the 72-km elevated metro project by June 2018.
NVS Reddy, Managing Director of HMRL, was quoted as saying by a BusinessLine report: “The government is simultaneously working on development of related infrastructure, including greenery along the metro network. Towards this, we are in the process of pitching for a Rs 1,000-crore loan from German lending agency KFW. This may take a few months.”
He further said that L&T has invested over ₹14,261 crore in the project, while HMRL, on the government side, has put in about ₹2,250 crore.
Meanwhile, the third stretch, connecting Old City minus the yet-to-be-finalised plan for a six-km stretch beyond the Musi river, is scheduled to be completed by November 2019.
Image Credit : hmrl.telangana.gov.in