Major Financial Boost for Hyderabad Metro... Key Agreement Signed with IRFC

A significant agreement has been signed to provide long-term financial strength to the Hyderabad Metro. Hyderabad Metro Rail Limited has entered into a deal with the Indian Railway Finance Corporation to refinance loans worth Rs 13,600 crore. The agreement was formalized in Delhi in the presence of IRFC CMD Manoj Kumar Dubey and Telangana Chief Secretary K. Ramakrishna Rao. The loan facility will be provided for a tenure of 20 years with quarterly repayment terms.

Speaking on the occasion, Chief Secretary Ramakrishna Rao stated that 100 percent ownership of the metro has now been transferred to the government. He emphasized that the government is committed to improving urban transportation and noted that Hyderabad is emerging as a key driver of the nation’s economic growth. Strengthening metro connectivity will help reduce traffic congestion and offer better commuting facilities to passengers. He also expressed gratitude to the Government of India, IRFC, L and T, and HMRL teams for their support in refinancing the loans.