1 month ago
Hyderabad Metro Receives Rs.1,204 Crore VGF
The Hyderabad Metro Rail Project Phase-I in Telangana has received Rs.1,204 crore from the central government.
This money is called a viability gap fund (VGF) and helps build the metro.
The project is being built using a public-private partnership (PPP) model.
Meanwhile, Andhra Pradesh does not have any metro projects currently, so it did not receive any central financial assistance.
The metro helps reduce traffic and pollution by encouraging people to use public transport instead of private vehicles.
Currently, there are about 1159 km of metro rail networks operating in 26 cities across India.
The information was shared by the Union Minister for Housing and Urban Affairs, Manohar Lal, in response to a question raised by MP R Krishnaiah.
Hyderabad Metro Rail Project Phase-I received Rs.1,204 crore VGF from the central government.
The project is implemented in PPP mode by Hyderabad Metro Rail Limited (HMRL).
Andhra Pradesh has no operational or under-construction metro projects, hence no central financial assistance.
The metro expansion aims to reduce congestion, vehicular emissions, and improve travel reliability.
Currently, 1159 km of metro rail network is operational in 26 cities across India.
- Who
- Hyderabad Metro Rail Limited (HMRL), Department of Economic Affairs (DEA), Union Minister Manohar Lal, MP R Krishnaiah
- What
- Release of Rs.1,204 crore VGF for Hyderabad Metro Phase-I
- Where
- Hyderabad, Telangana
- When
- Not specified
- Why
- To facilitate modal shift from private vehicles to public transport, reduce congestion and vehicular emissions, and improve travel reliability.
Telangana's Metro Development
Andhra Pradesh's Lack of Metro Projects
Funding for Metro Projects
Telangana's Metro Development
Telangana's Hyderabad Metro Phase-I received Rs.1,204 crore VGF from the central government.
Andhra Pradesh's Lack of Metro Projects
Andhra Pradesh has no operational or under-construction metro projects, hence no central financial assistance.
Key facts
- Project
- Hyderabad Metro Rail Project Phase-I
- Funding Amount
- Rs.1,204 crore
- Funding Source
- Department of Economic Affairs (DEA)
- Implementation Mode
- PPP (Public-Private Partnership)
- Current Metro Network in India
- 1159 km operational in 26 cities
- Union Minister
- Manohar Lal
- MP Raising Question
- R Krishnaiah
Sources
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