India-based construction and infrastructure giant Larsen & Toubro (L&T) hinted at investing about 2500 crore rupees ($344.3 million) more to complete the ongoing Hyderabad metro rail project.
As a concessionaire, L&T has thus far invested about $1.8 billion of the $1.94 billion in elevated metro rail project taken up under the public-private partnership.
The Telangana Government has invested more than $316.4 million in land acquisition, right of way and related infrastructure to facilitate the project completion.
The L&T has set apart equity of $412.7 million and raised a debt of $1.6 billion for the metro. The project will need to tackle the interest of about $165 million per annum when it is fully ready.