The Company has signed the granting Agreement with
Government of Andhra Pradesh on 4th September, 2010 and ready-made the
financial closure for the Project on 1st March, 2011 in record six months. A
consortium of 10 banks led by the State Bank of India has sanctioned the entire
debt requirement of the project. This is the largest fund tie-up in India for a
non-power infrastructure Public Private Partnership (PPP) project .the infrastructure
development arm of Larsen of Toubro Ltd. The Company has inducted world class
consultants for the execution of this prestigious Metro Rail Project. Some of
the renowned consultants are Louis Berger, AECOM Feedback Ventures Consortium,
Parsons Brinckerhoff, Halcrow, E&Y etc.The company will develop 18.5
million s.ft. of Transit-Oriented Development (TOD) and is expected to trigger
robust economic activity in and around the city of Hyderabad and will generate
substantial employment.
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