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Metro Phase-2 loan clears initial hurdles
The New Indian Express Hyderabad
|March 19, 2025
Highlighting project's PPP component, Sridhar urges companies to come forward to invest
IT & Industries Minister D Sridhar Babu has announced that the Japan International Cooperation Agency (JICA) has given preliminary consent to provide a loan for Hyderabad Metro Rail Project Phase-2.
Replying to a question from BRS MLC Kalvakuntla Kavitha during Question Hour in the Legislative Council on Tuesday, the minister said, "We are mobilising funds for this project by engaging with various international agencies. JICA has given preliminary consent, and we are now awaiting Union government approval."
He also highlighted the project's Public-Private Partnership (PPP) component and expressed confidence that interested companies would come forward for collaboration.
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