Hyderabad, June 11 (UNI) The Andhra Pradesh cabinet today approved the state Municpal Transways (Construction, Operation and Maintenance) Bill to speed up the development of the Rs 9696 crore Hyderabad Metrorail project.
Briefing newspersons on the decisions taken at a cabinet meeting presided over by Chief Minister Y S Rajasekhara Reddy, Information Minister A Ramanarayana Reddy said the draft Bill was prepared drawing the best features from the Acts in West Bengal, Karnataka, Maharashtra and Delhi.
The Bill envisages to empower the state to take up metro rail projects in cities and towns either as Government projects or through the Public, Private Parntership(PPP) route with concessional agreements, he said.
The Centre would meet 30 per cent of the cost of prestigious metro rail project in Hyderabad and the state would bear 10 per cent, while the rest would be borne by the developer, who would be decided by July, he said.
The Cabinet also approved allocation of 10 acres of land on a 20-year lease to the Union Agriculture Ministry for setting up a Quarentine Station at Mamidipalli in neighbouring Rangareddy District, he said, adding that 4.18 acres of land was given for Rs 1000 per acre to the Genome Valley Foundation for pursuing research in the frontier areas of technology.
The cabinet approved allocation of 2.10 acres of land at the rate of Rs three per acre to the National Institute of Smart Governance at Gopanapalli on the city outskirts, he said.
The Cabinet also gave its nod for allocation of 101.39 acres at the rate of Rs 50,000 per acre to the Uranium Corporation of India in Kadapa district for setting up quarters for its employees.
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