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Bengaluru Metro Phase-III gets clearance from Centre’s investment board

Monday, 24 Jun 2024
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The Central government’s Public Investment Board (PIB) has recently cleared the Bengaluru Metro’s Phase-III project. The project, which will cost Rs 15,611 crore, now awaits the green nod from the new Union Cabinet.

Phase-III, which will run for 44.65 km will have two elevated stretches, one of 32.15 km, connecting JP Nagar Fourth Phase on the western side of Outer Ring Road (ORR). The other is of 12.5 km on Magadi Road connecting Hosahalli and Kadabagere. In all, it will have 31 stations.

The state government had given its nod for the revised project cost of Rs 15,611 crore in March this year, to be completed by 2028. It has also decided to bear 80 percent of the cost of the project unlike in the past. 

The state initially approved the project on 18 November, 2022 at a cost of Rs 16,328 crore, with a 20 percent share to be borne by Karnataka and the rest by the Centre through external borrowings.

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