The Telangana State government has reworked the financial model for the proposed ‘Airport Metro’ to Hyderabad International Airport at Shamshabad of about 30.7 km from Gachibowli to attract private infrastructure firms to build the project under the Public, Private Partnership (PPP) mode at an estimated cost of about ₹ 5,500 crore.
Hyderabad Metro Rail (HMR) Managing Director N.V.S. Reddy,also in charge of the Hyderabad Airport Metro Limited, the special purpose vehicle formed to take up the project, said that in the light of “changed economic scenario” it was decided to tweak the ‘Concessionnaire Agreement’ in vogue to offer much “better conditions” to anyone coming forward to invest and build the project.
“This is an open offer on behalf of the government to any private entity willing to invest in the next phase of metro rail project to airport. The government is ready to offer more concessions than what L&T Metro Rail Hyderabad (L&TMRH) got in building and operating the first phase of the project built across 69 km through three major traffic corridors of the twin cities,” he said, on Thursday.
