View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
July 18, 2010

L&T Wins Indian Metro Rail Contract

Larsen & Toubro (L&T) has received a INR121bn ($2.6bn) contract to build and operate a metro rail in Hyderabad, India. The 71k-long elevated metro rail project will have 66 stations and is expected to be completed within five years, according to af.reuters.com. India-b

By cms admin

Larsen & Toubro (L&T) has received a INR121bn ($2.6bn) contract to build and operate a metro rail in Hyderabad, India.

The 71k-long elevated metro rail project will have 66 stations and is expected to be completed within five years, according to af.reuters.com.

India-based L&T will provide 30% of the project cost and is scheduled to make financial closure within six months.

Federal and state governments will provide up to 40% of the funding.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology