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Centre to fund Metro's escalated cost

Infrastructure Finance
January 3, 2011January 3, 2011
Centre to fund Metro's escalated cost
Shares

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.

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