Bangalore Metro | Corporate fund for projects win-win situation
Bengaluru: The Bangalore Metro Rail Corporation Limited (BMRCL) is now eyeing greater investment from private companies. The metro rail corporation is trying to reach out to interested companies to fund metro rail projects. Recently Infosys Foundation has agreed to offer Rs 200 crore for the development of Konappana Agrahara station (Electronic City-2). Bangalore Metro Rail Corporation Ltd is reaching to corporate houses to fund metro projects like the Outer Ring Road that fall under the tech corridors. This partnership works out as a perfect win-win situation for both the BMRCL and the companies. The companies investing in the metro project get lot of advantages like reduced traffic congestion in the locality where their office is situated. Besides, it also means better and safer traffic congestion for commuters. These companies also get an opportunity to be part of the metro project and infrastructure development taking place in the city. In lieu of the funding, BMRCL on their par...