Talks over Telangana's proposed takeover of Hyderabad Metro Rail Phase-I and funding Phase-II hit a dead end in New Delhi Monday. Chief Minister A. Revanth Reddy,Union Railway Minister Ashwini Vaishnaw,and Union Coal and Mines Minister G. Kishan Reddy tackled state's plea for cash from Indian Rail Finance Corporation (IRFC).
Meeting exposed financial and procedural roadblocks . IRFC's role in metro funding was questioned,given its railway focus. Reports said IRFC might offer ₹13,000 crore for takeover,raising eyebrows about Centre's commitments to Phase-II.
Key issues: repayment structure, liabilities,loan service plan. Too complex for quick fix . Matter punted to Urban Affairs Minister Manohar Lal Khattar for deeper look .
Outcome inconclusive, but CM Reddy stayed hopeful. Called talks constructive . Plans follow-up with Khattar Tuesday morning to push IRFC loan proposal.
Surprise twist: Kishan Reddy showed up. CM had accused him of ignoring Telangana,blocking metro. Clarity on funding issues expected after more talks with Urban Development Ministry…
