Hyderabad Metro has suffered heavy losses because of COVID-19: HMRL MD

Hyderabad: Hyderabad Metro Rail Restricted (HMRL) suffered extreme losses because the influence of the COVID-19 pandemic. Hyderabad Metro Rail Restricted (HMRL) Managing Director NVS Reddy mentioned on Thursday that there was a drastic discount within the variety of every day commuters.

“A day earlier than the pandemic, 4 lakh individuals used to journey within the metro, however at the moment solely 2.7 lakh persons are touring every day. Hyderabad Metro has suffered a lack of Rs 3,000 crore up to now, however L&T will handle it with out leaving it halfway regardless of the loss. With out L&T, the federal government would have misplaced Rs 20,000 crore,” he mentioned.

He additional mentioned that the dimensions of Hyderabad Metro will not be seen anyplace else on the planet. “In the course of the development of the Metro Rail in a public-private partnership, it was ridiculed by many as an unforgivable undertaking. Regardless of the hurdles, the development of the Metro has been accomplished and is working efficiently,” he mentioned.

Reddy mentioned that at current the main target is on the development of Part 2 of Hyderabad Metro. Shamshabad Airport Metro Line shall be constructed in Part 2, for which plans are being ready. He mentioned that HMRL is able to make investments Rs 5,000 crore, and invited corporations to come back ahead and take part within the undertaking.

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