Maytas Metro Ltd (MML) would complete the Rs 12,132-crore metro rail project in Hyderabad. The company has signed concession agreement with the Andhra Pradesh Government to complete the project. 

Maytas Metro Ltd (MML) retains 26 per cent in the project while Nava Bharat would hold 16 per cent. The remaining shares would be retained by Nava Bharat and IL&FS besides 11 percent shares of the state government. The vice chairman of Maytas Infra, Mr B. Teja Raju said the project would be completed in built, operate and transfer mode. The company would soon float a tender to ensure scientific management of traffic during the construction period of the project. 

The sate chief minister, Dr Y.S. Rajasekhara Reddy said that the project would start within six months. The project is planed to reduce the traffic pressure along the busy roads of Hyderabad. The length of the rail line would be 71-km and expected to complete by September 2012. The central government has released its due shares and state would release its share very soon.