Embassy Group-BMRCL inks ₹140-cr Pact for Station Development
The Embassy Group has inked MoU with Bangalore Metro Rail Corporation Limited (BMRCL) for the construction of Bettahalasuru Metro Station involving a ₹140 crore investment. The proposed metro station will be a landmark station considering its location between Bagalur Cross and Trumpet Junction at Bettahalasur. It will be a part of BMRCL’s proposed new line “ORR-Airport Metro” on Outer Ring Road from Central Silk Board to Hebbal via K R Puram and on NH- 44 up to Trumpet Junction, connecting the Kempegowda International Airport to the city. The new line helps connect the IT hub with the airport for rapid transit. As per MoU, an initial concession period is 30 years from the date of commencement of commercial operations. A 5-6 meters wide foot over bridge (FOB) walkway will also be constructed underneath the metro Viaduct from the station concourse to the other side of the NH44 by BMRCL. The group holds the right to carry out interior design, fittings and other facilities at the metro station in consultation with BMRCL at an investment of about ₹7 crore. The group has been entitled to utilize 1000 sq feet of wall space in the station premises for branding and advertising activities and an exclusive 3000 sq ft area for commercial development that may include retail stores, food, beverage and other kiosks. Aditya Virwani, Chief Operating Officer, Embassy Group, informed that the company is committed to contributing the efforts and financial investments towards improving Bengaluru’s urban infrastructure.
📅Published on:
11 September 2020
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