Economy
Hyderabad Metro Phase-I takeover and Phase-II expansion hit funding roadblocks
The Hindu1h
THE BRIEF
1
SBI Caps has been unable to finalise a loan deal of around ₹13,500 crore to fund the government takeover of Hyderabad Metro Rail Phase I after approaching multiple financial agencies.
2
Lenders have reportedly shown reluctance to provide the required loan at the low interest rates sought by the Telangana government without explicit central backing.
3
The funding deadlock has stalled progress on both the L&T buyout process and the proposed 122.9-km Phase II expansion estimated to cost ₹38,595 crore.