REC Ltd approves financial assistance to the extent of 3,045 Cr for Bangalore Metro Rail Corp Ltd

ad
REC Ltd
REC Ltd

REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, has approved financial assistance of up to Rs 3,045 Crore to the Bangalore Metro Rail Corporation Limited (BMRCL) for the establishment and development of a metro line under Phase-II of the project in Bengaluru. The proposal was approved by REC in its Board meeting held on June 24, 2023, in Bengaluru.

The Phase-II project involves the extension of the existing two corridors of Phase-I, namely the East-West Corridor and North-South Corridor, as well as the construction of two new lines from R.V. Road to Bommasandra and Kalena Agrahara to Nagawara. These lines will pass through some of the densely populated and highly congested areas of Bengaluru. The completion of Phase-II, covering a distance of 72.09 km, will significantly improve connectivity and ease traffic congestion in the city. The total network of Bengaluru Metro Rail, upon completion of Phase-II, will span 114.39 km and comprise 101 stations.

REC Limited, known for its expertise in funding infrastructure development, is committed to playing a vital role in transforming the developmental landscape of the nation.

Be the first to comment

Leave a Reply