HMR yet to receive remaining fund from Centre
The Hindu
Payment under VGF still pending
While there is renewed hope of second phase of the Hyderabad Metro Rail (HMR) kicking off with the government allotting ₹1,000 crore in this year’s budget, the pending payment from the Centre under the Viability Gap Funding (VGF) continues to stick as a sore thumb. This is for the first phase of the project built by L&T Metro Rail Hyderabad (L&TMRH) across three routes under the Public, Private Partnership (PPP) mode. The Centre had assured to give ₹1,458 crore or little more than 10% of the projected cost of ₹14,156 crore then and the money was being released in stages as per the construction progress in the seven years of construction for completing about 69.2 km - Red Line or Corridor One from L.B. Nagar to Miyapur, Blue Line or Corridor Three from Nagole to Raidurg and Green Line or Corridor Two - Jubilee Bus Station and Mahatma Gandhi Bus Station, Imlibun. Centre had released ₹1,204 crore and the balance amount of ₹254 crore has not been sanctioned even after completion of the first phase of the project - save for extending the line beyond MGBS into the Old City till Falaknuma, as per the latest government report. Whether it is because of non-completion of this stretch or because there were issues with regard to the revision of the fare structure at the time of the launch by L&TMRH, the fact is funds were not released despite repeated reminders.More Related News
Forest Department’s afforestation plans go awry as A.P. govt. fails to release CAMPA funds in time. The department has not been able to implement its Annual Plan Operation since 2018-19 despite the Union government releasing funds, and the interest accrued on unutilised funds now stands at ₹250 crore.
TDP leaders release booklet on ‘atrocities’ of YSRCP MLA Pinnelli Ramakrishna Reddy. The party leaders vow to prove in courts the MLA’s involvement in offences of varying nature. Mr. Ramakrishna Reddy has 79 criminal cases pending against him, of which 51 are related to attacks by him and his followers on persons belonging to the BCs, SCs, STs and minorities, says the TDP.