Infrastructure,Infrastructure sector projects by Bangalore Metro Rail Corporation Ltd. in Bangalore
Project Information
5632
Bangalore Metro Rail Corporation Ltd.
The Union Cabinet has approved Phase 2 of the Bangalore Metro Rail Project, which is expected to improve the public transportation system in the city and provide it with the much-needed additional transport infrastructure.
An official press release said the total completion cost of the project is estimated at Rs.26,405.14 crore at the price levels of 2011-12 with price escalation of 5 percent per annum (including escalation and Central taxes and excluding State taxes and duties).
In the total project cost, the Government of India’s (GoI) share will be Rs.5281 crore and the Government of Karnataka’s (GoK) share will be Rs.8983 crore.
The share of GoK includes a grant of Rs.1689.90 crore. The balance amount of Rs.12,141.14 crore will be raised through Senior Debt.
The project will be executed by the existing Special Purpose Vehicle (SPV) of GoI and GoK having 50:50 equity of each, that is Bangalore Metro Rail Corporation Ltd.
The project is scheduled to be completed in five years from the date of start of work, the release added.
Project Value
INR 26405.14 Crore /-
Pre Project Activities Underway
Bangalore
Karnataka
India
Infrastructure,Infrastructure
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