The Empowered Committee at its Seventeenth Meeting on May 6, 2013, chaired by the Secretary, Department of Economic Affairs, Ministry of Finance, Government of India accorded final approval for viability gap funding of Rs. 1458 crore (12.35 percent of Total Project Cost of Rs. 11,814 crore) under the Viability Gap Funding (VFG) Scheme to the project from Government of Andhra Pradesh for development of Hyderabad Metro Rail on DBFOT (Toll) basis. The Union Finance Minister had earlier granted in-principal approval for VGF support to the project.

Details of the project are as follows:

DSM/RS/ka

(Release ID :95762)

Viability gap funding approval for Hyderabad Metro Rail enables PPP DBFOT toll project implementation and government support. Final approval was accorded for Viability Gap Funding (VGF) of Rs. 1458 crore to support the Hyderabad Metro Rail project proposed by the Government of Andhra Pradesh under the VGF Scheme, structured as a DBFOT (toll) public private partnership. The project spans 71.16 km with 66 stations across three lines and has a total project cost of Rs. 11,814 crore, with the approved VGF component specified relative to that total.