REC to provide Rs 30.45 billion financial assistance to Bangalore Metro Rail Corporation

REC Limited has decided to extend financial assistance of Rs 30.45 billion to Bangalore Metro Rail Corporation Limited, for establishment and development of metro lines under Phase-II project of Bangalore metro.

The Phase-II project of Namma metro comprises extension of existing two corridors of Phase-I, namely East–West Corridor and North–South Corridor; and 2 new lines, namely one from R.V. Road to Bommasandra and another from Kalena Agrahara to Nagawara. These lines will traverse some of the densest and high-traffic areas of the city. Phase-II of the project will enhance connectivity and ease traffic in the densely populated city of Bengaluru. With completion of Phase-II (72.09 km), the combined network of Namma metro shall stand at a line length of 114.39 km, with 101 stations.