Hyderabad: Hyderabad Metro Rail officials said The realignment of Metro Rail at three locations in the city, as sought by the government will not led to as heavy financial burden as the project developer L&T.
While L&T has been claiming the realignment will impose an additional burden of 2,000 crore.And HMR officials have submitted a report and it would be 800 crore.
“Additional burden” since the government had agreed to pay compensation of about Rs 400 crore to property owners in the old city for demolition in the old alignment. However, land Acquisition Act, as compensation had doubled to Rs 800 crore and the same could be utilised to bear the financial burden realignment.
The CM realigning the metro at sultan Bazaar, Assembly building and T-martyrs memorial and old city. And the Assembly and also held series of discussions with L&T officials on the issue.
HMR managing director Mr.N.V.S. Reddy had submitted a report to the government explaining the financial implications if Metro was re-routed. The 3.2km on Corridor due to realignment in the old city but only few properties would be needed to be acquired, against them.