Silence looms over Hyderabad Metro Rail Phase II despite Centre-State agreement on its joint venture and funding
Despite a recent agreement between the Centre and the Telangana government to form a joint venture for the Hyderabad Metro Rail Phase II, progress has stalled with no clear timeline for implementation. The project remains in limbo as both parties navigate complex financial restructuring and the acquisition of the existing Phase I network.
It has been a month since the Centre and the Telangana government agreed to form a joint venture not only to take up the proposed Hyderabad Metro Rail (HMR) Phase II project but also to devise a financial mechanism for acquiring the 69.2-km Phase I network from L&T Metro Rail Hyderabad.
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