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Monday, 30 July 2012

(GHMC) has to acquire 1,400 more properties for the Rs 16,375 crore Metro rail project

The pace of Hyderabad Metro rail project (HMR) takes a backseat with about 1,400 property owners continuing to resist the acquisition of land. 

The Greater Hyderabad Municipal Corporation (GHMC) has to acquire 1,400 more properties for the Rs 16,375 crore HMR project. 

The corporation has already managed to acquire 2,000 properties across the three traffic corridors spanning 72 km. However, about 250 acres, out of the 270 acres of land assured for terminal points and other infrastructure has already been acquired and handed over to L&T. 

Addressing the South Zone Conference on Sustainable Solutions to tackle congestion for better liveable city, the Additional Commissioner (Planning), K Dhananjaya Reddy, said, “We have created more than 80% right of way for the project. There are hurdles in some segments.”

The GHMC has widened most roads even before the concessionaire agreement was signed with L&T. It is making efforts to persuade property owners by allowing extra vertical space, a liberal compensation package, and rehabilitation of tenants affected by the acquisition of land. 

The Managing Director of Hyderabad Metro, NVS Reddy, said travel by Metro rail would be cheapest mode when the project is commissioned within five years as the fares have been frozen.

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