en.Wedoany.com Reported - The Telangana government has officially initiated the complete takeover of the Hyderabad Metro Phase I project, marking a strategic shift toward public control and integrated planning for the city's urban transport. This takeover involves transferring 100% equity from L&T Metro Rail Hyderabad Limited to Hyderabad Metro Rail Limited (HMRL), bringing the 69-kilometer metro network under state government control.
The Telangana Legislative Assembly passed a resolution on March 28, approving the government's takeover of Metro Phase I from L&T. The financial framework for this transaction totals ₹15,000 crore, comprising approximately ₹200 crore for equity acquisition and around ₹1,300 crore to ₹1,361.5 crore in debt assumption. The Indian Railway Finance Corporation (IRFC) has approved a loan of approximately ₹1,361.5 crore, backed by a state government guarantee, with a repayment period of 20 years. The transaction deadline has been set for April 30, 2026.
To usher the metro into a new phase, the state government has introduced a new governance structure. Chief Secretary K. Ramakrishna Rao has been appointed as Chairman of the Board, with Sarfaraz Ahmed serving as Managing Director and Shivendra Pratap as Joint Managing Director. The board members include senior officials such as Jayesh Ranjan, Vikas Raj, Sandeep Kumar Sultania, B. Shivadhar Reddy, Ashok Reddy, and Jitesh V Patil.
The operational transition will officially take effect on May 1, 2026. Effective that date, the Hyderabad Metro will operate entirely under a state government-led framework, with operations, finances, and strategic decisions unified under a single authority. The state government stated that this move aims to accelerate metro network expansion, improve operational efficiency, strengthen oversight, and align metro development with broader urban planning initiatives. The state government has already submitted expansion proposals for Phase II-A (76.4 km) and Phase II-B (86.1 km) to the central government.
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