Bangalore Metro Update: Infosys Foundation To Fund Rs 200 Crore for Construction of Metro Station at Konappana Agrahara

Bangalore Metro Update: Infosys Foundation To Fund Rs 200 Crore for Construction of Metro Station at Konappana Agrahara

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Date of Post: 20 July, 2018

Bangalore: Infosys Foundation, the philanthropic arm of IT major, Infosys, signed a MoU (Memorandum of Understanding) with the Bangalore Metro Rail Corporation Ltd. (BMRCL) for the construction of a station at Konappana Agrahara in Electronics City.

Officials said, the station is under the phase-II of Bangalore Metro’s expansion plans and the Foundation has committed to maintaining it for the next 30 years.

More Information:

  • The MoU was signed by Infosys Foundation Chairperson Sudha Murthy and BMRCL Managing Director Ajay Seth, in the presence of Karnataka Chief Minister, H D Kumaraswamy, and Deputy Chief Minister, G Parameshwara at Vidhana Soudha, the state secretariat.
  • Earlier, the state government had said that Infosys Foundation would contribute Rs 200 crore to the Bengaluru Metro for the construction of Konappana Agrahara Metro Station and railway track.
  • The station to be named Infosys Foundation – Konappana Agrahara Metro Station, will be spread over 2 lakh square feet, according to the MoU.
  • The roof of the metro station will be designed to support solar panels that will provide power for lighting.
  • The metro station is expected to be operational by 2021.
  • Officials said, the state government has given the push to raise funding for the Metro project through innovative financing models under which BMRCL has signed similar contracts with companies like Intel, Prestige and Embassy.

Author:

Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

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