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Satyam Scam Dims the Future Hyderabad Metro Project

Avijit Bajpai


Days after the disclosure of Rs 5000 crore scam by Satyam’s Chairman Raju, the Andhra Pradesh Government is now evaluating different options to move ahead with the Hyderabad Metro Rail Project. The Hyderabad Metro Rail Project was given to Nava Bharat-led consortium, in which Maytas Infra holds a significant share.


Maytas Infra is required to pay a sum of Rs 180 crore as performance guarantee but it looks quite impossible considering the present financial health of its peer groups. So, the government is now exploring options to invite other parties for bidding for the Metro Project. But the financial decision in this regard is yet to come whether to continue with Maytas Consortium or not.


The government has already clarified that it will not going to abandon this high-profile project under any circumstances. And if Maytas Consortium cannot go ahead with this project, the government will have to find other ways to initiate it in a more transparent way.

 
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