L&T Wins Indian Metro Rail Contract

18 July 2010 (Last Updated July 18th, 2010 18:30)

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

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.