Karnataka govt clears ₹16,368-cr Phase-III metro project
Karnataka government has approved the Phase III of Bengaluru Metro project, which comprises two lines—the first running a length of 32.16 km from Kempapura to JP Nagar Fourth Phase and the second a 12.82km line from Hosahalli to Kadabagere at an investment of ₹16,368 crore. The Kempapura-JP Nagar line will have 22 stations, including six interchange stations, while the Hosahalli-Kadabagere line will have nine stations. The new phase will cover JP Nagar, Hosakerehalli and Nagarbhavi along the Outer Ring Road. The in-principle approval means clearance from the departments of urban development and finance to fund the project, which receives funding also from the central government, apart from loans raised by the Bengaluru Metro Rail Corporation Limited. The state government will shortly seek central clearance for the project and will also seek Asian Development Bank funding for the construction of the mega metro project.
