Revanth Says Hyd Metro Loan Talks Positive; SBICAPS to Study Plans
Revanth Reddy stated that discussions with the Railway Minister regarding the loan from IRFC for Hyderabad Metro have progressed positively
Hyderabad: Union Coal Minister G Kishan Reddy on Tuesday said that Chief Minister A Revanth Reddy wrote to him twice requesting for a meeting with Union Minister of Railways Ashwini Vaishnaw.
“Over the last two days I facilitated meetings for Telangana Chief Minister Revanth Reddy in New Delhi. The meetings with Ashwini Vaishnaw yesterday and the joint meeting with Union Minister of Housing and Urban Affairs Manohar Lal Khattar and Ashwini Vaishnaw today took place in a conducive atmosphere.
“As a representative of Telangana in the Union Cabinet, I will always strive for the development of Telangana and the welfare of the people of the state,” he said in a post on 'X'.
Revanth Reddy stated that discussions with the Railway Minister regarding the loan from IRFC for Hyderabad Metro have progressed positively. The Chief Minister met with Kishan Reddy and Ashwini Vaishnaw in Delhi.
He said the discussions with the Railway Minister went positively. He met Khattar on Tuesday morning regarding the same matter.
A SBICAPS has been appointed as the consultant to undertake the valuation of Metro Phase-I and examine Phase-II expansion plans.
The study will cover Phase-I takeover modalities, funding requirements, lender selection, Phase-II costs and financing options. The future decisions on Metro takeover and expansion will be based on the consultant’s report.
A Central government official and the State MA&UD Special Secretary will act as nodal coordinators to ensure speedy execution of the process. The decision was taken at a joint meeting attended by Khattar, Ashwini Vaishnaw, Kishan Reddy and Revanth Reddy in New Delhi.