GMR Group, operating the Rajiv Gandhi International Airport (RGIA) in Hyderabad, will invest more than ₹500 crore by 2024 in a metro rail link project for connectivity across the city. The ₹5,000 crore project has been proposed by the Telangana government and is expected to span 31 kilometers in total.
According to a consultation paper proposed by GMR Hyderabad International Airport Ltd, the Group will invest ₹519.52 crore.”The envisaged project cost of metro line would be around ₹5000 crore of which HIAL’s contribution would be in the range of ₹500 Crores (10 per cent of the project cost) which is equivalent to the estimated cost of metro connectivity within the airport precinct,” the paper said.
The metro rail link project will be extended to the RGIA to create accessibility for people living in different areas of Hyderabad. Telangana government has already formed a Special Purpose Vehicle- Hyderabad Airport Metro Limited (HAML) to develop, construct, operate and manage the metro.
