Commercial operations of the Metro project will begin November 29, Hyderabad Metro Rail officials said.
The project has overcome many hurdles such as default by the first concessionaire Maytas Infra-led consortium and subsequent developments, crucial land acquisition by the state government and logjam for sometime over route alignment, among others.
Here is the timeline of the project.
May 2007 : Formation of Hyderabad Metro Rail Limited.
September 2008: Concession Agreement signed between Andhra Pradesh Government (undivided) and Maytas Metro Ltd (MML).
July 2009: Termination of CA with MML and invoking of Bank Guarantee for Rs 60 crore (plus Rs 11 crore).
July 2010: Financial Bids (RFP) opened for the second time.
September 2010: Concession Agreement signed with LTMRHL (L&T Metro Rail Hyderabad Limited).
January 2011: Allotment of 104 acres of land at Uppal.
READ MORE
No comments:
Post a Comment