Hyderabad: BRS MLC Dasoju Sravan accused the Congress government of maintaining secrecy over the proposed Hyderabad Metro takeover and demanded full disclosure of all financial arrangements, approvals and agreements linked to the project.
Addressing the issue on Wednesday, Sravan alleged that the State government was spending thousands of crores of public funds without providing adequate information to citizens. He also claimed that the Hyderabad Metro takeover could encourage real estate profiteering if the government withheld key details from the public.
Sravan said the KCR government completed most of the Hyderabad Metro Rail project after 2014 and developed it into a world-class urban transport system serving nearly five lakh commuters daily.
Hyderabad Metro takeover raises financial questions
Sravan questioned the government’s financial strategy for the project. He alleged that the government had spent nearly Rs.2,940 crore on equity acquisition, margin money and processing charges before finalising a proposed Rs.13,600-crore loan from a Japanese lender.
He demanded that the government disclose the lender’s identity. Moreover, he sought clarification on whether the Cabinet had approved the Hyderabad Metro takeover proposal.
Sravan said the government must explain every financial commitment connected to the transaction. He added that taxpayers deserved complete transparency.
The BRS leader also raised concerns about Metro-linked assets. He sought details on nearly 280 acres of Metro land, 57 Metro stations and around 20 million square feet of commercial space.
Sravan alleged that the government earlier shelved the proposed Hitec City–Shamshabad Airport Metro corridor because of political differences. However, he claimed the same government now cites the Future City project to justify Metro expansion.
He urged Chief Minister A. Revanth Reddy to place all agreements, approvals and financial records related to the Hyderabad Metro takeover in the public domain. He said such disclosure would help address concerns about the project’s future management and financial implications.