Bangalore Metro Update : Metro station to be constructed on PPP Basis

Bangalore Metro Update : Metro station to be constructed on PPP Basis

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Date Of Post: 06 June, 2018

Bangalore Metro Rail Corporation Ltd (BMRCL) signed an MoU with the  Embassy Group on 5th June for construction of a Metro station on PPP Basis .

Features :

  1. It will be near the Embassy Tech Village (ETV) in Kadubeesanahalli on the Outer Ring Road .
  2. Construction Cost : INR 100 crore .
  3. Location  : It will be located at the entrance of its Business Park , on the 17-km-long recently approved North-South Metro corridor on Outer Ring Road.
  4. The Embassy Group will be responsible for maintenance of the Metro station.
  5. It will be able to utilise specific areas and spaces for advertisements and will also commercialize around 3000 sq ft. area through leasing the retail space .
  6. Additionally, the company will invest INR 32 crore towards in purchasing a land parcel for some Metro-related work in the area.

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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