The GMR group, which currently runs Rajiv Gandhi International Airport (RGIA) in Hyderabad, will devote more than Rs 500 crore in a Rs 5000 crore metro rail link program developed by the Telangana government to connect the airport to various parts of the city.
According to an Airports Economic Regulatory Authority consultation paper on the tariff revision for the third control period (April 2021 to March 2026) proposed by GMR Hyderabad International Airport Ltd, the aerodrome operator will invest Rs 519.52 by 2024. According to the consultation paper, the projected value of metro interconnection within the airport polling location is around Rs. 5000 crore, with HIAL contributing in the range of Rs 500 crores (10% of the project cost).
The Telangana government has given its consent for extending the metro rail link to RGIA from different parts of the city as part of the Hyderabad Metro project’s phase II.
The state government has so far established a Special Purpose Vehicle, Hyderabad Airport Metro Limited (HAML), which will be in charge of the development, construction, operational processes, and monitoring of the Airport Metro link, according to the statement.
The intended Airport Metro Link is expected to span approximately 31 kilometers in total. According to the paper, the plan calls for the construction of an eight-kilometer alignment as well as the construction of three metro stations within the RGIA grounds. According to HIAL, it had requested that the Ministry of Civil Aviation consider the aforementioned capital contribution as an aeronautical asset and include it in the perseverance of the RAB (Regulatory Asset Base) for the determination of aeronautical charges.