Bangalore Metro Phase-2

Bangalore Metro Phase-2: AIIB approves Financial Aid of Rs 2000 crore

News

In order to kick start the work on Phase-2 of Bangalore (Namma) Metro, the Asian Infrastructure Investment Bank (AIIB) has finally given its approval to provide financial aid of Rs 2,255.14 crore. The global financial institution has recently signed an agreement with the Union Government for the development of the underground stretch of the phase-2.

As per the agreement, the AIIB will provide financial assistance to develop the stretch between the Diary Circle and Nagawara line. The 13.92 km-long underground route is the part of Nagawara-Gottigere metro corridor that will have 12 stations. The rest 6.98 km will be elevated.

Giving more information on the above a senior official said, “In order to carry out the whole work in a seamless manner, the authority has divided the work into different packages. The State government has already granted package 2 (between Vellara Junction and Shivajinagar) and package 3 (between Shivajinagar and Pottery Town) to Larsen & Toubro. On the other hand, they have invited technical bids for package 1 (between Diary Circle and Vellara Junction) and package 4 (between Tannery Road and Nagawara).

Currently, the metro authority has started its work on small segments at Shivajinagar, Cantonment and Pottery Town. At the same time, in order to start work at the MG Road metro station, the authority has asked for the police permission.

The 21.25 km long Gottigere-Nagawara line will have a total of 18 stations. Two stations on this route will be serves as interchange stations to other lines. While the MG Road metro station will be developed as the interchange station with the Purple Line, the Jayadeva Hospital station will be developed as the interchange station with the Yellow Line.