The Karnataka authorities has granted in-principle approval for the Bengaluru Metro’s phase-3, which includes two traces—the primary operating a size of 32.16 km from Kempapura to JP Nagar Fourth Section and the second a 12.82km line from Hosahalli to Kadabagere.
The section is anticipated to value Rs 16,368 crore. The Kempapura-JP Nagar line could have 22 stations, together with six interchange stations, whereas the Hosahalli-Kadabagere line could have 9 stations.
Bangalore South MP Tejasvi Surya tweeted Wednesday that the state authorities had given in-principle approval for the undertaking. The brand new section will cowl JP Nagar, Hosakerehalli and Nagarbhavai alongside the Outer Ring Street, he wrote, promising to “work in the direction of making certain that max(imum) components of Bengaluru South will get Metro quickly”.
Reviewed Section 3 alignment of Namma Metro passing by means of JP Nagar, Hosakerehalli & Nagarbhavi on ORR with BMRCL officers at present
State Govt has given in-principle approval for this undertaking.
Will work in the direction of making certain max a part of Bengaluru South will get Metro quickly.@cpronammametro pic.twitter.com/vvngblRr47
— Tejasvi Surya (@Tejasvi_Surya) November 2, 2022
The in-principle approval means clearance from the departments of city improvement and finance to fund the undertaking, which receives funding additionally from the central authorities, aside from loans raised by the Bengaluru Metro Rail Company Restricted.
The state authorities will shortly search central clearance for the undertaking. Whereas the preliminary estimate for the undertaking was round Rs 13,000 crore, the revised estimate takes into consideration inflation and price escalation until 2028, throughout which the traces will likely be opened to be used.
Sources stated the metro company was prone to search Asian Growth Financial institution funding for the undertaking.