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Indian Railway Finance Corporation (IRFC) has agreed to extend a ₹13,615 crore loan to the Government of Telangana for the proposed takeover of the Hyderabad Metro Rail from L&T Metro Rail Hyderabad, marking a significant step toward bringing the network under state control.
According to official sources, the State Cabinet has been informed that the financing arrangement has been approved, with a repayment period of 20 years backed by a government guarantee. The loan is expected to enable the ownership transition, although the detailed legal and procedural framework for the takeover is still being finalised.
Officials said work is underway to complete key formalities, including structuring the agreement and addressing operational aspects of the transfer. A formal announcement outlining the modalities of the takeover is expected soon.
The move is being seen as a major policy decision aimed at strengthening public oversight of urban transport infrastructure in Hyderabad, where the metro rail system serves as a critical component of daily commuting.
News by Rahul Yelligetti.
