State News

Hyderabad's MMTS project comes to a standstill

By IndianMandarins- 20 Apr 2018
319

hyderabads-mmts-project-comes-to-a-standstillWorks on Hyderabad- Secunderabad twin cities' Multi-Modal Transport System (MMTS) phase II have come to a standstill as Rail Vikas Nigam Limited (RVNL) would not take work further till Telangana government deposits its share of expenditure. To resolve the deadlock, South Central Railway officials met TS Chief Secretary SK Joshi and discussed the status of the project. They informed the CS that the state government had been requested time and again to provide its total share of Rs 484.36 crores or at least Rs 378.1 crores. Of this, Rs 278.1 crores are the share of expenditure already incurred and Rs 100 crores is the expenditure for the current year. But the state government has not deposited any funds. They informed the Chief Secretary that the Railway board had, therefore, advised Rail Vikas Nigam (RVNL), which is the project executing agency, not to proceed, unless sufficient funds were deposited by the state government. They stressed that the project was not progressing due to the non-release of funds by the state government. At a cost of Rs 816.55 crores, the state government took up the MMTS phase II project. According to the agreement between the state government and the Railways, the state government had to bear two-thirds of the project cost and the Railway's one-third. Accordingly, the state government's share was Rs 544.36 crores and the Railways share, Rs 272.19 crores. The total expenditure incurred so far in this project was Rs 507.15 crores. But the state government has provided only Rs 60 crores against its expenditure share of Rs 338.1 crores. The Railway officials said that this meant that their department had already spent Rs 447.15 crores, which was much more than the total railway share of Rs 272.19 crores.

free stat counter