<p>The Centre on Thursday approved the 72-km second phase of the Bangalore Metro Rail project with an estimated investment of Rs 26,405.14 crore. It took into account price levels in 2011-12 when the State government approved Metro Phase II project with a cost escalation of 5 per cent.<br /><br /></p>.<p>Of the total investment, the Centre’s share will be Rs 5,281 crore, while the state will pitch in with Rs 8,983 crore. <br /><br />Rest of the Rs 12,141.14 crore will be raised through senior debt, said a statement. <br /><br />The project will be executed by a special purpose vehicle and is scheduled to be completed in five years from the date of commencement of work. The approved lane comprises the east-west line, north-south line, R V Road-Bommasandara and the Gottigere-Nagawara routes. Around 14.80 lakh commuters are expected to avail the services daily by 2016, said the statement.<br /><br />Once commissioned, the east-west corridor will be a boon to the IT crowd in the City, as most of their offices are located in Whitefield. <br /><br />The present line on the eastern side, from M G Road to Baiyapannahalli, will be extended to Whitefield as a fully elevated line. <br /><br />Further, there will be a new line from the R V Road station on the north-south corridor to Bommasandra, thus benefitting IT employees working in Electronic City. <br />Similarly, on the western side, along the east-west corridor, the line will be extended to Magadi Road from Mysore Road Terminal. <br /><br />On the north-south corridor, towards the northern side, the line will be extended from Sampige Road through Peenya Village to Nagasandra and on the southern side, from National College to Puttenahalli.</p>
<p>The Centre on Thursday approved the 72-km second phase of the Bangalore Metro Rail project with an estimated investment of Rs 26,405.14 crore. It took into account price levels in 2011-12 when the State government approved Metro Phase II project with a cost escalation of 5 per cent.<br /><br /></p>.<p>Of the total investment, the Centre’s share will be Rs 5,281 crore, while the state will pitch in with Rs 8,983 crore. <br /><br />Rest of the Rs 12,141.14 crore will be raised through senior debt, said a statement. <br /><br />The project will be executed by a special purpose vehicle and is scheduled to be completed in five years from the date of commencement of work. The approved lane comprises the east-west line, north-south line, R V Road-Bommasandara and the Gottigere-Nagawara routes. Around 14.80 lakh commuters are expected to avail the services daily by 2016, said the statement.<br /><br />Once commissioned, the east-west corridor will be a boon to the IT crowd in the City, as most of their offices are located in Whitefield. <br /><br />The present line on the eastern side, from M G Road to Baiyapannahalli, will be extended to Whitefield as a fully elevated line. <br /><br />Further, there will be a new line from the R V Road station on the north-south corridor to Bommasandra, thus benefitting IT employees working in Electronic City. <br />Similarly, on the western side, along the east-west corridor, the line will be extended to Magadi Road from Mysore Road Terminal. <br /><br />On the north-south corridor, towards the northern side, the line will be extended from Sampige Road through Peenya Village to Nagasandra and on the southern side, from National College to Puttenahalli.</p>
