Indian State Signs Agreement for Metro Rail

8 September 2010 (Last Updated September 8th, 2010 18:30)

The Indian state of Andhra Pradesh has signed a 35-year concession agreement with L&T Hyderabad Metro Rail for the development of the Hyderabad Metro Rail project. The project, a public-private partnership, will have a provision to extend the agreement for another 25 years. <

The Indian state of Andhra Pradesh has signed a 35-year concession agreement with L&T Hyderabad Metro Rail for the development of the Hyderabad Metro Rail project.

The project, a public-private partnership, will have a provision to extend the agreement for another 25 years.

The $2.59bn project will be funded by L&T, while the federal government will provide $312m.

The development will cover three traffic corridors in Hyderabad, where the estimated traffic demand is expected to be 1.5 million passengers a day in 2014 and 2.2 million passengers a day in 2024.

The project will include air-conditioned coaches, a modern signalling system, an automatic fare collection system and inter-modal integration with rail terminals and MMTS stations.