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Telangana takes over Hyderabad Metro from L&T, pays 22% discount, to enable expansion and secure funding.
The Telangana government approved taking over the 69-km Hyderabad Metro Rail Phase I from L&T by March 31, paying around Rs15,000 crore at a 22% discount, to enable seamless expansion amid rising traffic.
The move follows L&T’s exit from Phase II, prompting the state to assume control to secure central government funding and ensure a single operator.
The cabinet also launched a health scheme covering over 7.5 lakh employees with cashless treatment and insurance, approved land swaps with the Defense Ministry, and advanced water infrastructure and census preparations.
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Telangana se hace cargo de Hyderabad Metro de L & T, paga un descuento del 22%, para permitir la expansión y asegurar la financiación.