TELANGANA, INDIA (Metro Rail News): Telangana Government is likely to announce a bailout plan for the L&T Hyderabad Metro Rail Limited very soon. The Metro rail operator has asked the state government to extend the financial and soft loans as they are incurring heavy losses due to pandemic and low ridership on the MGBS and JBS corridor.
Municipal Minister KT Rama Rao held a meeting at BRKR Bhavan and discussed the L&T bailout plans. The committee is expected to submit the report to the Chief Minister of the state very soon.
Moreover, the L&T and Hyderabad Metro Rail collaboratively announced some schemes to improve the ridership. The officials from L&T also met K Chandrashekhar Rao a few months before and asked for financial help from the government