L&T Hyderabad Metro Rail Project
Sector: Mass Transit • Location: Hyderabad, Telangana, India
Source: News9live
Larsen and Toubro Limited (L&T) is involved in the Hyderabad Metro Rail project, which has faced operational and accumulated losses. L&T has expressed its desire to offload its over 90% stake in the project to the state or central government through a new Special Purpose Vehicle (SPV). The project has experienced delays and cost overruns due to property acquisition, right of way, changes in alignm
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | operational with financial distress |
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Available timestamps | 00-00-0000 |
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Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Larsen and Toubro Limited (L&T) is involved in the Hyderabad Metro Rail project, which has faced operational and accumulated losses. L&T has expressed its desire to offload its over 90% stake in the project to the state or central government through a new Special Purpose Vehicle (SPV). The project has experienced delays and cost overruns due to property acquisition, right of way, changes in alignment, and utility shifting. The metro was fully commissioned in February 2020, but financial stress continued due to the COVID-19 pandemic and changes in ridership patterns. L&T has also expressed its inability to participate in the expansion phases II-A and II-B as a PPP partner. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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