Kishan Reddy 'Centre Ready In Principle for 50:50 Funding of Metro Phase II'

Union Coal Minister G Kishan Reddy on Wednesday said the Centre was, in principle, ready to participate in the second phase of the Hyderabad Metro project on a 50:50 cost-sharing basis with the state government.

Reddy, who reviewed key development projects in Hyderabad with Union Minister for Housing and Urban Affairs Manohar Lal in Delhi, said the latter had assured him that the Centre would positively consider the



state government's proposal for the 162-km second phase.

Manohar Lal told Reddy that the Centre would take a final decision after receiving the Detailed Project Report (DPR) and other technical details from the state government. 

Manohar Lal also said that the Centre was cooperating with the state government to improve infrastructure and basic amenities in Hyderabad, Reddy said in a release.