The Union government will share the cost escalation of Rs 5,511 crore of the Bangalore Metro project with the Karnataka government to help Bangalore Metro Rail Corporation (BMRCL) meet the expenditure for the first phase of the project totaling 42.3 km. BMRCL has witnessed a sharp escalation in cost of the first phase rising to Rs 11,809 crore from Rs 6,395 crore estimated in 2005.
FlashNews:
RECPDCL Hands Over ₹ 8.40 Billion Luhri Transmission SPV to Terralight Solar
RVNL Secures ₹1.61 Billion Signalling Contract from East Coast Railway
Get Solar in 60 Seconds: India’s Digital Push to Power Rooftop Revolution
DFCCIL Rapid Cargo Debuts on WDFC with Amazon Onboard
Automation, Sustainability and Compliance: The New Blueprint for India’s Logistics Parks
India’s GCC Work Portfolio Moves Up Value Chain, Awfis‑Zinnov Report
TVS ILP Signs ₹10 Billion MoU with Tamil Nadu to Boost Industrial Infrastructure
India Tops APAC in AI Adoption, Autodesk Report Finds
SDHI Secures Svitzer Contract to Build Four Advanced TRAnsverse 3200 Tugs
FLY91 Strengthens Leadership Team with Seasoned Aviation Executives to Drive Regional Growth
Sonowal Calls for Technology‑Led Maritime Security as India’s Port Network Grows
Civil Aviation Minister Naidu Expands Pilot Training Network with 11 New FTOs
INS Malvan Commissioned with AM/NS India Steel Backbone
Air India Names Tewolde Gebremariam CEO & MD to Drive Global Expansion
PM Surya Ghar: Muft Bijli Yojana Crosses 5 Million Rooftop Solar Installations
Delhi Airport Expands Domestic Network to 90 Destinations with Launch of Direct Flights to Daman
Jupiter Wagons, Lucchini RS to Build India’s First Fully Integrated Private‑Sector Railwheel Manufacturing Platform
Willie Walsh Takes Charge as IndiGo CEO
Indian Railways Posts 9% Freight Growth in July 2026
Home » Centre to fund Metro's escalated cost
Centre to fund Metro's escalated cost
Infrastructure Finance
January 3, 2011January 3, 2011
Leave a Reply
You must be logged in to post a comment.