Financial closure for Hyderabad Metro

L&T Metro Rail (Hyderabad) Ltd, the SPV incorporated to implement the Hyderabad Metro Project, has achieved financial closure for the project. The financial closure has been achieved in a record time of 6 months and is the largest fund tie-up in India for a PPP project till date. A consortium of banks led by SBI has sanctioned the entire debt requirement of Rs. 11,480 crore for the project. The equity component for the project, expected to be around Rs. 3440 crore, would be infused primarily by the L&T Group. The project will get a viability gap grant of Rs. 1458 crore from the Central Govt through the Govt of Andhra Pradesh.

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