India, June 16 -- Telangana Chief Minister A Revanth Reddy on Monday accused Union Minister G Kishan Reddy of creating hurdles for the disbursement of '13,600 refinancing loans' by the Central PSU IRFC for the Hyderabad Metro Rail project.

He said the State Government has also paid Rs 1,400 crore margin money and a processing fee of Rs 84 crore to the Indian Railway Finance Corporation (IRFC) for the loan disbursement.

The State Government secured the loan at an interest of four per cent, whereas former CM K Chandrasekhar Rao and even the Centre led by Prime Minister Narendra Modi got loans for interest in the range of 8-11 per cent, he claimed. He also said IRFC is like an intermediary in the loan, as the original loan is provided by J...