*Metro Rail Phase 2 (B) proposal submitted to GoI*
Metro Rail Phase 2 (B) proposal along with all the required documents and DPRs have been submitted to Government of India today( Saturday). Duly approved by the State cabinet, this phase 2 (B) project consists of 3 Corridors -- RGIA to Bharat Future City (39.6 km; Rs 7,168 cr); JBS to Medchal (24.5 km; Rs 6,946 cr); & JBS to Shamirpet (22km; Rs 5,465 cr). Thus covering a total length of 86.1km, this Phase 2 (B) project will involve a total investment of Rs 19,579 cr.
Like the earlier submitted Please 2 (A) project of five Corridors (76.4 km), this Phase 2 (B) project is also proposed to be developed as a joint venture project of GoI and GoTG. As per the JV project norms of the central government, the Phase 2 (B) cost of Rs 19,579 cr will have GoTG's share of Rs 5,874 cr (30%), GoI's share of Rs 3,524 cr (18%); debt from international financial institutions of Rs 9,398 cr (48%) and a small PPP component of Rs 783 cr (4%).