Sunday 19th of September 2021

Follow Us

Breaking News

GMR to infuse Rs 500 cr in metro rail link project to Hyderabad Airport

 MUMBAI:The GMR group which is operating Rajiv Gandhi International Airport (RGIA) here will be investing over Rs 500 crore in a Rs 5000 crore metro rail link project being proposed by the Telangana government for connectivity to the aerodrome from various parts of the city.

According to a consultation paper on the tariff revision for the third control period (April 2021 to March 2026) proposed by GMR Hyderabad International Airport Ltd, issued by Airports Economic Regulatory Authority the aerodrome operator will be investing Rs 519.52 by 2024. The envisaged project cost of metro line would be around Rs. 5000 crore of which HIAL's contribution would be in the range of Rs. 500 Crores (10 per cent of the project cost) which is equivalent to the estimated cost of metro connectivity within the airport precinct, the consultation paper said. The Telangana government has conveyed its approval for extension of metro rail link to RGIA from various parts of the city under phase II of Hyderabad Metro project.



 The state government has already formed a Special Purpose Vehicle- Hyderabad Airport Metro Limited (HAML) which would be responsible for development, construction, operations and management of the Airport Metro link, it said.

The planned Airport Metro Link is expected to span about 31km in total. The plan envisages development of an alignment of eight km along with setting up of three metro stations within the premises of RGIA, the paper said. HIAL had requested the Ministry of Civil Aviation to consider the aforesaid capital contribution as aeronautical asset and include the same in the determination of the RAB (Regulatory Asset base) for determination of aeronautical charges, it said.

Related Corporate News

Hyundai sales up 12% in Aug at 59,068 units

 MUMBAI:Hyundai Motor India Ltd (HMIL) on Wednesday reported a 12.3 per cent increase in total sales at 59,068 units in August. The company had sold 52,609 units in the same month last year, HMIL said in a statement.    

Google employees to work from home until January amid COVID-19 uncertainty

 NEW YORK: Alphabet Inc-owned Google is extending its voluntary return-to-office policy through January next year, CEO Sundar Pichai said on Tuesday, citing uncertainty caused by the COVID-19 pandemic in many parts of the world. The rapid spread of the highly contagious Delta coronavirus varian....

‘Operation Warm Welcome’ underway to support Afghan arrivals in the UK

LONDON:A significant cross-government effort is underway, dubbed ‘Operation Warm Welcome’, to ensure Afghans arriving in the UK receive the vital support they need to rebuild their lives, find work, pursue education and integrate into their local communities. As part of the New Plan for ....

UK records another 32,181 coronavirus cases

 LONDON:Another 32,181 people in Britain have tested positive for COVID-19, bringing the total number of coronavirus cases in the country to 6,789,581, according to official figures. The country also reported another 50 coronavirus-related deaths. The total number of coronavirus-related deaths ....

Finance Minister Smt. Nirmala Sitharaman says improvement in health infrastructure will lead to confidence in revival of economy

(FM) - Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman said that overall improvement of health infrastructure will help build confidence of the people in the infrastructure and also help in the revival of the economy. The Finance Minister said this while addressing th....

Editor :
Jagadananda Pradhan
Email :
For Ads :
Ph : (+91)6764295999
Contact Us
© 2021 Fast Mail Media Pvt Ltd. All Rights Reserved.
Developed by : FM Media Pvt Ltd.