Hyderabad, India (Urban Transport News): The GMR Group is planning to invest Rs 519.52 crore in the proposed airport metro link in Hyderabad by the Telangana government for airport connectivity from various parts of the city.
According to a consultation paper on tariff revision for the recently proposed third control period (April 2021 to March 2026) by Hyderabad International Airport Limited (HIAL), issued by the Airports Economic Regulatory Authority, the GMR group that operates the Rajiv Gandhi International Airport (RGIA) will invest Rs 519.52 by 2024.
The estimated cost of the Hyderabad Airport Metro project will be around Rs 5,000 crore, of which HIAL’s contribution will be in the range of Rs 500 crore (10 per cent of the project cost) which is equivalent to the estimated cost of metro connectivity within the airport. .
Telangana government has given its approval for extension of metro rail link to RGIA from different parts of the city under Phase II of Hyderabad Metro Rail Project.
To implement this project, the state government has already formed a Special Purpose Vehicle (SPV) by the name of Hyderabad Airport Metro Limited (HAML) which is separate from Hyderabad Metro Rail Limited (HMRL) in March 2018. The new SPV will be responsible for the development, construction, operation and management of the Airport Metro Link.
The SPV will also be responsible for planning, designing, coordinating and monitoring integrated townships, shopping malls, commercial complexes and other infrastructure facilities and will look at ways to decongest the city and make transit-oriented development.
HAML will be jointly promoted by HMRL with 51% share and Hyderabad Metropolitan Development Authority (HMDA) with 49% share.
The 31 km long airport metro link will connect Rayadurg with Rajiv Gandhi International Airport (RGIA) through eight metro stations proposed at Bio-diversity Junction, Nanakramguda, Narsingi, TS Police Academy, Rajendranagar, Shamshabad, Airport Cargo and Airport Terminal. The Detailed Project Report (DPR) of this line was prepared by the Delhi Metro Rail Corporation Limited in 2019.
For more information, please visit Hyderabad Metro Urban transport news page.