Metro Rail News Online

Bengaluru: The Karnataka Government has allocated around Rs 5,000 crore as its share towards ongoing Phase-II projects of the Bangalore Metro Rail Corporation Ltd (BMRC) in budget. The government also made public the proposed length and route of Metro Phase-III for the first time. According to a BMRC official, “The state has given us a contribution of nearly Rs 5,000 crore. We had requested for Rs 5,600 crore in this year’s budget.” The sum will be utilised towards ongoing Phase-II works.” The 72.1 km Phase-II is an extension of all the four Phase-I lines as well as two new lines from Nagawara to Gottigere and the R V Road to Bommasandra line. The entire project costs Rs 26,405 crore out of which 55% is provided jointly by the Centre and the state and 45% is taken as loans. The Union budget also allocated funds for BMRC. This is the highest ever budgetary allocation for BMRC in the state budget. In 2016, it was earmarked Rs 1,881 crore, while in 2017 it was allo...

Bengaluru: The Karnataka Government has allocated around Rs 5,000 crore as its share towards ongoing Phase-II projects of the Bangalore Metro Rail Corporation Ltd (BMRC) in budget. The government also made public the proposed length and route of Metro Phase-III for the first time. According to a BMRC official, “The state has given us a contribution of nearly Rs 5,000 crore. We had requested for Rs 5,600 crore in this year’s budget.” The sum will be utilised towards ongoing Phase-II works.” The 72.1 km Phase-II is an extension of all the four Phase-I lines as well as two new lines from Nagawara to Gottigere and the R V Road to Bommasandra line. The entire project costs Rs 26,405 crore out of which 55% is provided jointly by the Centre and the state and 45% is taken as loans. The Union budget also allocated funds for BMRC. This is the highest ever budgetary allocation for BMRC in the state budget. In 2016, it was earmarked Rs 1,881 crore, while in 2017 it was allo...

Pune: Funding for the Pune Metro Rail project is expected to be finalised by March 2018. The project is to be co-funded by European Investment Bank and  French development bank, AfD and they will together be providing €845 million for the project, Brijesh Dixit, MD, Maha Metro, said. The EIB team will visit in December-end to study the project. EIB will be putting in €600 million while AfD would be financing €245 million, Dixit said. This funding will account for around 58% of the Rs 11,420-crore cost of the 31.25-km Pune Metro project with the remaining coming in the form of equity from the Central government, Maharashtra state government and the civic bodies of Pune and Pimpri Chinchwad, Dixit said. The 50:50 central and state government-owned joint venture, the Pune Metro project has the advantage of being backed by sovereign guarantee of the government of India which enables it to access funds at a lower interest rates and with better terms an...

New Delhi: Govt. of India and European Investment Bank (EIB) today signed the finance contract for lending of 300 million euros (about Rs 2,293 crore) for Bangalore Metro Rail Project phase-II. Bangalore Metro Rail Project Phase II is to be jointly financed by the EIB (500 million euros) and... Click here to see more https://goo.gl/ch2PCJ

Kolkata: Japan International Cooperation Agency (JICA), the funding agency of the East-West Metro project, has approved Rs 800 crore for the 1.878km extra length of the corridor on its realigned route. The latest decision is a marked deviation from JICA’s earlier stand, when the agency had... Click here to see more https://goo.gl/kivWrU

Chennai: Coimbatore is getting ready to realise its Metro dream as Chennai Metro Rail is likely to take up the task to conduct a feasibility study and prepare a detailed project report on the mass transit system in the Manchester of South India. It is learnt that the 10-month study which includes preparing a feasibility report and a detailed project report would cost around Rs13 crore. Sources told Express that German Funding Agency KfW has expressed interest in providing 12.5 million euros to conduct the study and the balance amount will be paid by the State government. The move comes after Chief Minister Edapaddi K Palaniswami made an announcement in the  Assembly to introduce the Metro Rail project in Coimbatore city . The need for a mass transit system in Coimbatore is stressed, taking into account the growing population of Coimbatore which is expected to grow up to 27.7 lakh by 2033. It is learnt that 136 km of Mass Transit Network identified by Comprehensive Mobility Plan (C...