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Deloitte to be financial advisor for Hyderabad rail project

Our Bureau

Hyderabad, Sept. 20The consultancy firm, Deloitte India, has bagged the mandate to provide financial consultancy services for the Rs 12,000-crore Hyderabad Metro Rail Project, which is currently undergoing a re-bidding process.

Period of contract

The consultancy contract would be in force for one year wherein Deloitte will assist Hyderabad Metro Rail Ltd, and the Andhra Pradesh Government in preparation of documents, evaluation of bids and revision of the financial model for the project.

It will also assist in selection of concessionaire and in negotiating with financial institutions and their agencies in achieving financial closure for the project.

The Deloitte managed to outbid Grant Thornton India and AXYKno Ltd.

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