Empowered Committee Approves PPP Project for Viability Gap Funding of Rs. 1458 Crores
The
Empowered Committee at its Seventeenth Meeting on May 6, 2013, chaired by the
Secretary, Department of Economic Affairs, Ministry of Finance, Government of
India accorded final approval for viability gap funding of Rs.
1458 crore (12.35 percent of Total Project Cost of Rs. 11,814 crore) under the
Viability Gap Funding (VFG) Scheme to the project from Government of Andhra
Pradesh for development of Hyderabad Metro Rail on DBFOT (Toll) basis. The
Union Finance Minister had earlier granted in-principal approval for VGF
support to the project.
Details of the project
are as follows:
|
S.No.
|
Project Name
|
Length (in kms.)
|
Total Project
Cost
|
VGF Sought
|
|
1.
|
Hyderabad Metro
Rail on DBFOT (Toll) basis
|
Total length:
71.16 km;
Total Number of
Stations:66; Number of Lines: 3
|
Rs.11,814 crores
|
Rs.
1458 crores
|
|
|
Total
|
71.16 km
|
Rs.
11,814 crores
|
Rs.
1458 crores
|
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DSM/RS/ka
(Release ID :95762)