HYDERABAD (Metro Rail News): Hyderabad Metro Rail Limited (HMRL) Managing Director NVS Reddy on Thursday, 21st April said that they are ready to start phase II of Metro rail works if any investor comes forward to take up the project. He informed this at the event after the inauguration of electric autos as part of last mile connectivity. He also said that phase II of metro rail works for Hyderabad would cost Rs 5,000 crore.
Phase-2 of Hyderabad Metro will provide connectivity to Shamshabad airport from Hyderabad city. The HMRL MD said that passenger footfall was decreased due to Covid but it has now highly increased. “Today more than 2.7 lakh people arrive and depart from the airport. Before Covid, the number would go up to 4 lakh passengers per day. We will soon witness pre-Covid levels,” he said.
Hyderabad Metro has incurred a loss of Rs 3,000 crore, but L&T managed to overcome the losses. Without it, the government would have lost Rs 20,000 crore,” he added.