Approval of Bangalore Metro Rail Project Phase-2

No: ----- Dated: Jan, 30 2014

Approval of Bangalore Metro Rail Project Phase-2

The Cabinet has approved the Bangalore Metro Rail Project Phase-2. This project will improve the public transport system in the city of Bangalore and provide the much needed additional public transport infrastructure for the city.

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 ridership will be as under:

Ridership	2016		2041
Ridership	Peak Hour Peak Direction Traffic	Daily ridership (in lakhs)	Peak Hour Peak Direction Traffic	Daily ridership (inlakhs)
East-West Line	18835	4.27	37006	10.07
North South Line	21606	5.51	42577	10.93
Phase-2 New Line RV Road Station –Bommasandra Station	13078	2.40	23442	5.02
Phase-2 New LineGottigere Station –Nagawara Station	11935	2.62	25315	6.19

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.