(EPT) : GMR Hyderabad International Airport Limited (GHIAL), which owns and operates Rajiv Gandhi International Airport (RGIA) in Hyderabad, is set to invest over Rs 500 crore towards metro connectivity at the airport.
The Rs. 5,000 crore project has been proposed by the Telangana government and is expected to span 31 kilometers in total.
As per the company, the Telangana government had sought financial contribution from GHIAL for the metro project.
According to a consultation paper proposed by GMR Hyderabad International Airport Ltd., the Group will invest Rs. 519.52 crore.
“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 paper said.
The metro rail link project will be extended to the RGIA to create accessibility for people living in different areas of Hyderabad.
Telangana government has already formed a Special Purpose Vehicle- Hyderabad Airport Metro Limited (HAML) to develop, construct, operate and manage the metro for development, construction, operations and management of the Airport Metro link.