The Economic Times

Telangana CM urges Union Ministers to appoint SBICAPS for valuation of Hyderabad Metro Phase 1 soon

Telangana Chief Minister A Revanth Reddy has urged Union Ministers to expedite the appointment of SBICAPS as a consultant for the Hyderabad Metro Rail Phase 1 valuation and Phase 2 report. A decision made on June 24th to appoint SBICAPS for takeover facilitation and financial examination of Phase 1, along with Phase 2 financing, remains unfulfilled. The delay is causing operational uncertainty and impacting Phase 2's progress and costs.