Empowered Committee Approves PPP Project for Viability Gap Funding of Rs. 1458 Crores

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:

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(Release ID :95762)