CM urges Kishan Reddy to intervene in stalled HMR take over loan (opens original article in a new tab)

Chief Minister A. Revanth Reddy requested Union Minister G. Kishan Reddy to accelerate the disbursement of a sanctioned IRFC loan for Hyderabad Metro Rail's Phase I takeover and secure approvals for Phase II development, citing completed due diligence and provided financial safeguards.

• Chief Minister Revanth Reddy urged Union Minister G. Kishan Reddy to expedite IRFC loan disbursement for HMR Phase I takeover
• State provided sovereign repayment guarantees and deposited ₹6,461.47 crore in escrow for HMR takeover
• CM sought immediate intervention to resolve stalled loan disbursement and secure approvals for HMR Phase II development