Hyderabad Metro Crisis: L&T Vs Telangana Government Over Free Bus Rides
· 20.05.2024 · 09:00:22 ··· Montag ⭐ 0 🎬 0
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An exclusive interview has set the cat among the pigeons. L&T, which owns a 90% stake in Hyderabad Metro, has minced no words in blaming the Congress government in Telangana for low metro ridership. On the verge of exit, L&T director R. Shankar Raman stated that Congress's poll promise of free bus rides for women has drastically dropped metro ridership from 550,000 to 480,000, spiraling losses for the company, which already faces ₹13,000 crore in debt. In response to this interview, Telangana Chief Minister Revanth Reddy sniped at L&T, saying that if the company wishes to abandon the Hyderabad Metro project due to the state government’s free bus fare policy, they are free to pull out. He asserted that the government will hunt for another interested party to operate it and confirmed that the free bus ride for women will continue. L&T has announced plans to sell off the Hyderabad Metro project by 2026, in which the Telangana government also holds a 10% stake. The issue also resonated with the Prime Minister in his no-holds-barred interview with India Today, highlighting the far-reaching side effects of freebies. As top-level discussions continue to salvage the Hyderabad Metro crisis, state politics around the issue simmers. Opinions on the ground, as found by India Today, were nuanced. While Hyderabad is desperate for a robust public transport system, the neighboring state capital Bengaluru seems to have improved its metro footfall in the past year despite a similar promise of free bus rides for women by Karnataka Congress. There's hope that the newly minted Telangana government can find a formula for all modes of public transport to complement one another rather than contradict.
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