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| L&T Metro Rail achieves closure for Hyderabad Metro Rail Project L&T Metro Rail (Hyderabad) Ltd, the SPV incorporated to implement the Hyderabad Metro Project, has achieved financial closure for the project. The financial closure has been achieved in a record time of 6 months and is the largest fund tie-up in India for a PPP (Public Private Partnership) project till date. A consortium of banks led by State Bank of India has sanctioned the entire debt requirement of '11480 crore for the project. The equity component for the project, expected to be around '3440 crore, would be infused primarily by the L&T Group. The project will get a viability gap grant of '1458 crore from the Central Government through the Government of Andhra Pradesh. write your comments about the article :: © 2011 Construction News :: home page |