Central government issues sanction order for 58-km ORR-airport metro line

Project to cost ₹14,788 crore, to be completed in five years

The Central government, on Monday, issued a sanctioned order for the ORR-airport metro under Phase 2 A and B of the Namma Metro project. According to the order issued by the Ministry of Housing and Urban Affairs, the 58-km line from Central Silk Board to Kempegowda International Airport via K.R. Puram, Hebbal and Nagawara would cost ₹14,788.101 crore. The project will be completed in five years. The share of the Central and State governments for the project is 20% each. The Bangalore Metro Rail Corporation Limited (BMRCL) is raising ₹5,960 crore as loan from multilateral agencies or through domestic sources (60% share). The Karnataka government will also bear land acquisition cost and property development, that comes to ₹2,761 crore, while the remaining funds required for the project will be through innovative financing and other sources.