Works on Rs 817 cr MMTS Phase-II set to take off

Requisite performance guarantee has been submitted with RVNL clearing the decks to launch the field works on the project

Image
BS Reporter Hyderabad
Last Updated : Jul 14 2014 | 10:08 PM IST
Works on the much-awaited MMTS (multi-modal transport system) Phase-II project in the twin cities of Hyderabad and Secunderabad will commence this month, according to PK Srivastava, general manager, South Central Railway (SCR).

The joint venture partners, who have been awarded the project, have already deposited the requisite performance guarantee amount with Rail Vikas Nigam Limited (RVNL), clearing the decks to launch the field works on the project.

After conducting a high-level review meeting here on Monday, Srivastava emphasised that there should be no further delay in commencing the work on Phase-II as the project was critical in strengthening the railway infrastructure in the state.

The present estimated cost of the project is Rs 817 crore, of which two-thirds will be borne by the state government. Except for the works in Falaknuma-Umdanagar-Shamshabad (airport connectivity) stretch, for which tenders are yet to be invited, works in all other corridors are going to be taken up simultaneously under three different packages.

“On completion, this project enables to run more number of suburban passenger services, and helps ease out the current operational constraints being faced in and around the Secunderabad railway complex,” he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 14 2014 | 8:39 PM IST

Next Story