Date Of Post: 23 Jan, 2018
Hyderabad: The Telangana government and Hyderabad Metro Rail (HMR) officials held talks with Japan International Cooperation Agency (JICA) in a bid to collaborate with Japan for the Hyderabad Metro Rail Phase-2 Work.
JICA Channels Development Assistance From Japan Government To Overseas Entities
- The talks were held when Telangana information technology and industries minister K.T. Rama Rao, along with other state government officials, visited Japan and South Korea, last week.
- Bilateral discussions were also held with companies to invest in the state in upcoming projects like the Pharma city and the Kakatiya Textile park in the state.
- “We have initiated talks with JICA, which finances different infrastructure projects, as of now. The investment process is a long one. We will prepare a detailed project report (for the collaboration with JICA for the metro rail’s phase-2 project), which has to be approved by our state cabinet and then the government of India. Only then will it be sent to JICA,” said N.V.S. Reddy, managing director, HMR.
- Reddy added that HMR will complete the 66-kilometer (originally 72-kilometer) phase-1 of the metro rail network by the year-end. As of now, a 30-kilometer stretch connecting Hyderabad to the Hi-tech city area is operational.
- Gaddam Vivekanand, advisor to the government of Telangana, said a lot of “fruitful” discussion had taken place with big companies, which are interested in coming to the state for investment.
- “They were impressed with our government providing 100% incentives (for investors), 100% electricity and even water,” he added.
Image Credit: L&T Metro Rail Hyderabad