Hyderabad, June 17 -- The Telangana government on Monday, June 17 sanctioned Rs 19, 579 crore for Hyderabad Metro rail phase 2 B.

The allocations has been made with an aim to improve urban mobility in Hyderabad. This phase is being taken up as a joint venture project between the state government and the Centre, supported by international funding agencies.

For Hyderabad Metro Rail phase 2 , the Telangana government will spend Rs 5,874 crore (30 percent) and the Centre will provide Rs 3,524 crore (18 percent). The Japan International Corporation Agency (JICA), Asian Development bank and the New Development Bank will make up for 48 percent of the investment in Hyderabad Metro Rail phase 2.

The project is being developed under Public-Priva...