Intel Signs MoU With BMRCL To Invest Rs 100 Crore For Bellandur Metro station

Intel Signs MoU With BMRCL To Invest Rs 100 Crore For Bellandur Metro station

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Date Of Post: 15 Feb, 2018

BENGALURU: Intel has signed an MoU with Bangalore Metro Rail Corporation Ltd (BMRCL) to invest Bellandur Metro station on Outer Ring Road along the Silk Board Junction – KR Puram corridor (Phase II A). The Rs 100 crore MoU was signed by Mahendra Jain, MD, BMRCL and Nivruti Rai, country head, Intel India, on January 17. The company will get naming & advertisement rights as well as retail space in the station for 30 years.

More Information:

  • This is the 2nd MoU under BMRCL’s innovative financing model.
  • In June last year, Embassy Group signed a Rs 100 crore MoU with Bangalore Metro Rail to adopt Kadubeesanahalli Metro station.
  • Jain said,“Two companies have come forward for the ORR Metro line so far. We’re also in talks with five-six companies, including Prestige Group and Bagmane Group.”
  • The Rs 4,200 crore elevated line running into 17km on ORR line is also the first Metro project that uses the innovative-financing concept.

    Image Credit: Rashmi Kotin Kulkarni

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