Chief Minister Revanth Reddy, who has been meeting central leaders and the Prime Minister in Edapeda more than BJP leaders, made a strange proposal on Tuesday. If Union Minister Kishan Reddy organizes a meeting in Delhi on the Metrorail loan dilemma and expansion, he has announced that he will attend.
- Letter to Union Minister Kishan Reddy
- Songs to cover failure
Hyderabad, June 16 (Namaste Telangana): Chief Minister Revanth Reddy, who has been meeting the leaders of Edapeda center and the Prime Minister more than the BJP leaders, has made a strange proposal on Tuesday. If Union Minister Kishan Reddy organizes a meeting in Delhi on the Metrorail loan dilemma and expansion, he has announced that he will attend. It is known that Revanth Reddy, who raised his hands on the seizure of the metro train, is trying to cover up his failure. On Monday, the CM said that the necessary funds for the process of acquisition of Metrophase-1 initiated by the state government had not been secured. The latest letter was released on Tuesday night in the direction of covering up his failure.
The Chief Minister’s Office released the letter addressed to the Union Tourism Minister G Kishan Reddy to the media. In the letter, they requested to ensure that the necessary financial assistance is provided for the second phase expansion of the metro along with a loan from IRFC. He said that in Hyderabad Metro Phase-1 is under the management of private parties and the government has decided to undertake phase-2, the state government has decided to manage the phase-1 which is under private management, and a total of Rs.15 thousand crores is required for its purchase.
It has been stated that the state government has given a guarantee and they have agreed to repay the loan through RBI. It has been disclosed that Rs.84.32 crores have been paid to IRFC as upfront fees and Rs.1,461 crores have been deposited in the escrow account as equity. The first installment was supposed to be released from IRFC on June 15, but it has not yet been released, Union Minister Kishan Reddy has been asked to intervene immediately and see that the loan is released, and the central and state governments should allocate half of the funds for the completion of the Metro Phase-2 project. In the letter, the CM asked Kishan Reddy to give prior approvals and for this, it is necessary to discuss with Union Minister Ashwini Vaishnav and arrange a meeting with him.
