Date of Post: 27 Oct, 2018
Bangalore: Deputy Chief Minister G Parameshwara on Friday said that the cost for the completion of the 72.1 km Phase-2 of Namma Metro will touch Rs 32,000 crore on Friday. In 2012, the cost of the project was estimated to be Rs 26,405 crore(approx). He was speaking to the media after reviewing the work related to Phase-2 of the Bangalore Metro Rail Project.
- The increase is due to the new Land Acquisition Act which has caused land prices to shoot up for Metro projects of Phase-2 to Rs 6,300 crore from the initial projection of Rs 2,000 crore, a Metro official said.
- He said, “The estimate for the project was made in 2012. The project should finish by 2023. So, the overall cost escalation on all fronts and the land acquisition charges will result in the escalation.”
- These are the deadlines for Metro lines which is given by the minister-
- Mysuru Road to Kengeri (Reach 2 extension) and Nagasandra to BIEC (Reach-3C) in 2020
- Baiyappanahalli to Whitefield (Reach-1 ext) and R V Road to Bommasandra (Reach 5 new line) in 2021
- Gottigere-Nagavara route (Reach 6 new line) in 2023
- The cabinet would discuss the proposed Metro line to Bengaluru International Airport soon.
- This line is also proposed as an extension to the Gottigere-Nagavara route.
- Parameshwara added, a meeting would be called with the Transport Minister after Diwali to put in place a common mobility card for both BMTC buses and Metro trains.
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