Hyderabad Metro seems to be constantly in news for wrong news. This time for the Clash over sharing advertisement revenue between Greater Hyderabad Municipal Corporation and Larsen & Toubro, the Hyderabad Metro Concessionaire. GHMC is claiming a 50% share in the ad revenue.
L&T expects a Rs 50-crore revenue per year through advertising on the metro rail infrastructure such as viaduct columns and other facilities. GHMC argues that it lost several hoarding spaces due to the project and has to be compensated with 50% share.
On the other side,L&T says the revenue can not be shared as per the concessionaire agreement signed by the government and the construction major. And it offers only to pay the license fees necessary for advertisement. L&T is planning to take it up with the government for an early solution. L&T is worrying that it has already lost a substantial portion of initial revenue as it could not put up advertisement boxes where works were completed
