Di­a­mond neck­lace, cot­ton sari for Ivanka

The Sunday Guardian - - The Big Story - CON­TIN­UED FROM P1

wards should be in­cluded in the beau­ti­fi­ca­tion drive, as a re­sult of which the bud­get was in­creased to Rs 450 crore. Even far­away ar­eas on the east­ern and north­ern parts of Hyderabad and Se­cun­der­abad, have been done up. By the time the all the work gets over, the to­tal bill will go up fur­ther.

B. Ja­nard­han Reddy, GHMC com­mis­sioner, told this news­pa­per that the beau­ti­fi­ca­tion was also to mark the inau­gu­ra­tion of the pres­ti­gious Metro Rail by Prime Min­is­ter Naren­dra Modi on the same day, 28 Novem­ber. “Def­i­nitely, it is a grand fes­tive oc­ca­sion for all of us in the city. We have re­done all roads dam­aged due to the re­cent rains and the for­eign guests are here,” he said.

All fly­overs and foot over-bridges in the city have been painted, while ma­jor routes have got mu­rals and wall art. Hun­dreds of stu­dents from the Jawa­har­lal Nehru Tech­no­log­i­cal Univer­sity-Fine Arts have been roped in to brighten up the city with colours. The GHMC has placed coloured bulbs at foun­tains and on trees.

The Old City, where Mus­lims live in large num­bers, has been decked up, too. Ivanka will at­tend a din­ner hosted by Prime Min­is­ter Naren­dra Modi at the Falaknuma Palace on 28 Novem­ber. Ini­tially, lo­cal Mus­lims re­sisted po­lice plans to cor­don-search en­tire ar­eas to iden­tify strangers, but after the beau­ti­fica- tion drive, they started co­op­er­at­ing with the po­lice. Prime Min­is­ter Naren­dra Modi will travel for a dis­tance of 13.5 km by Metro after he for­mally launches the Hyderabad Metro Rail pro­ject on 28 Novem­ber, Tues­day. He will travel from Miya­pur to Kukapt­pally and back, ac­com­pa­nied by Te­lan­gana Gov­er­nor E.S.L. Narasimham, Chief Min­is­ter K. Chan­drasekhar Rao (KCR) and the lat­ter’s son and min­is­ter, K.T. Rama Rao (KTR)

The PM will ar­rive at Begum­pet old air­port in Hyderabad at 1.10 pm by an Air Force jet from Delhi and reach Miya­pur by he­li­copter at 2 pm. There he will un­veil a py­lon, mark­ing the launch of the Metro, be­sides a brochure and an app. Later, he will take a ride on the Metro by buy­ing the first ticket from the Metro staff.

After re­turn­ing to Miya­pur, the PM will fly take a he­li­copter to the HICC grounds, where he will in­au­gu­rate the Global En­trepreneur­ship Sum­mit. Hyderabad Metro Rail is the coun­try’s biggest in terms of the pub­lic private part­ner­ship (PPP) model. Orig­i­nally planned in 2008 at Rs 14,132 crore, the pro­ject’s cost shot up to Rs 20,000 crore. This in­cludes Rs 14,000 crore al­ready spent.

Of the to­tal amount, 90% is borne by the pro­mot­ers, L&T, while the Cen­tre is pro­vid­ing Rs 1,458 crore in the form of vi­a­bil­ity gap fund­ing; the re­main­ing is shared by the state in the form of land and ameni­ties to the tune of around Rs 3,000 crore. Of the to­tal 73 km dis­tance that Hyderabad Metro spans, 31 km is be­ing in­au­gu­rated on Tues­day. The re­main­ing is ex­pected to be ready by 2019.

All the seven other Metro projects in­clud­ing the old ones like Delhi and Kolkata in the coun­try are fac­ing fi­nan­cial losses, whereas the Hyderabad Metro is de­signed to gen­er­ate prof­its through real es­tate ven­tures at­tached to it. Around 269 acres of prime land in the city are al­lo­cated on a 35-year-lease to pro­mot­ers and shop­ping malls and rental build­ings are built along the routes. The malls and build­ings will gen­er­ate prof­its to en­sure the pro­ject breaks even within the first 10 years, as per L&T pro­jec­tions. There is a pro­vi­sion to ex­tend the lease for an­other 25 years to the same firm, if things go well. The Prime Min­is­ter’s Of­fice has en­quired about the com­mer­cial pro­vi­sions of the Hyderabad Metro so that they can be adapted to up­com­ing Metro projects in other cities.

KTR, who looks after the mu­nic­i­pal ad­min­is­tra­tion port­fo­lio, told the me­dia that the CM would re­quest the PM to clear the sec­ond phase of the Metro, cov­er­ing an­other 90 km, con­nect­ing the Shamshabad In­ter­na­tional Air­port and the Old City and the tem­ple town of Yada­girigutta, 40 km from the city. The state gov­ern­ment would also seek ad­di­tional funds from the Cen­tre in view of the es­ca­lated cost of the pro­ject.

After spend­ing nine hours in Hyderabad, the PM will leave for Ra­jkot in Gu­jarat.

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