Executive Narendra Modi will today introduce the Hyderabad Metro Rail venture, touted as the world's biggest open private association (PPP) in the division.

Business operations of the Metro undertaking will start November 29, Hyderabad Metro Rail authorities said.

The undertaking has beaten many obstacles, for example, default by the primary concessionaire Maytas Infra-drove consortium and resulting improvements, essential land securing by the state government and logjam for at some point over course arrangement, among others.

Here is the course of events of the venture.

May 2007 : Formation of Hyderabad Metro Rail Limited.

September 2008: Concession Agreement marked between Andhra Pradesh Government (unified) and Maytas Metro Ltd (MML).

July 2009: Termination of CA with MML and conjuring of Bank Guarantee for Rs 60 crore (in addition to Rs 11 crore).


READ MORE - Hyderabad Metro Rail

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