Amid L&T's Plan to Exit Hyderabad Metro Project, CM Says Free Bus Rides Will NOT Stop

In response to media queries in an informal chat, CM Reddy said free bus travel for women will continue at all costs.
Amid LTs Plan to Exit Hyderabad Metro Project CM Says Free Bus Rides Will NOT Stop
Hyderabad: Telangana Chief Minister A Revanth Reddy, on Tuesday, said that the Congress government will not stop its Mahalakshmi scheme, under which women can avail free of cost travel in state Regional Transport Corporation (RTC) buses, even if the infrastructure giant Larsen and Toubro (L&T) exits from the Hyderabad Metro Rail project.
In response to media queries in an informal chat, CM Reddy said free bus travel for women will continue at all costs. "If L&T quits the game, the Congress govt will explore the option of roping in other major players to handle the metro rail project. Let L&T exit Hyderabad Metro, free bus ride will go on," the CM said.
The L&T, which has been handling the Hyderabad Metro Rail project in a public-private partnership mode, has recently said that it is considering selling off the project, due to low ridership. The infrastructure giant had blamed the state government's recently introduced free bus ride scheme for women for low ridership on the metro rail.
In an interview with Business Today, L&T president, director & CFO R Shankar Raman said that the free bus ride scheme has taken away the women commuters and since they are occupying the buses and the number of buses has not increased, the men from the buses are moving to the railway wagons. There is a gender distribution that is happening in the transportation system. Buses are being used by women who pay nothing and Metro is used by men who pay Rs 35 on an average per ticket, he explained.
L&T Hyderabad Metro Rail Limited (L&TMRHL) is a subsidiary of Larsen & Toubro - L&T Metro Rail (Hyderabad) Limited ("The Company") to implement the Project on Design, Built, Finance, Operate and Transfer (DBFOT) basis. The Company signed the Concession Agreement with the then Government of Andhra Pradesh on 4th September 2010 and completed the financial closure for the Project on 1st March 2011 in a record period of six months. This is the largest fund tie-up in India for a non-power infrastructure Public Private Partnership (PPP) project.
End of Article
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news
news