SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Bengaluru Namma Metro Phase 3: BMRCL begins land acquisition for key routes

#Top Stories#India#Karnataka#Bangalore
Last Updated : 29th Jan, 2025
Synopsis

Bangalore Metro Rail Corporation Limited (BMRCL) has initiated the land acquisition process for Namma Metro Phase 3, covering 38.65 km with an estimated cost of INR 15,611 crore. The project includes two corridors: JP Nagar Phase 4 to Kempapura (32.15 km) and Hosahalli to Kadabagere (12.5 km). Around 1,29,743 sq. meters of land will be acquired, impacting 777 private properties, with an allocation of INR 1,900 crore for compensation. The metro expansion aims to serve 7.28 lakh daily passengers by 2028, featuring double-decker viaducts and improved connectivity across key interchange stations such as Peenya, Hebbal, and Mysuru Road.

Bangalore Metro Rail Corporation Limited (BMRCL) has taken a significant step forward in the development of Namma Metro Phase 3 by starting the land acquisition process. This phase will enhance connectivity across Bangalore, with the first focus on acquiring 26,811 square meters of land for the stretch running from JP Nagar Phase 4 to Mysuru Road Metro Station. This development is part of a larger effort to improve public transportation in the city.


The Namma Metro Phase 3 project will feature several key interchange stations. These include Peenya and JP Nagar stations on the Green Line, Mysuru Road Station on the Purple Line, and Sumanahalli Station on the Hosahalli-Kadabagere route. Notably, JP Nagar Phase 4 will connect with the Pink Line at Bannerghatta Road, while Hebbal will serve as an interchange for the Blue Line, which leads to the airport, and the Red Line that connects Hebbal to Serjapur. The project consists of two main corridors: Corridor 1, which is 32.15 kilometers long, stretches from JP Nagar Phase 4 to Kempapura, and Corridor 2, covering 12.5 kilometers from Hosahalli to Kadabagere. For Corridor 1, about 1,29,743 square meters of land have been earmarked, impacting 777 private properties. The total estimated cost for this land acquisition is around Rs 1,900 crore.

BMRCL officials have stated that the construction will include a double-decker viaduct, designed to avoid disrupting existing roads, flyovers, or underpasses. The overall estimated cost for Phase 3 is Rs 15,611 crore, with funding coming from various sources, including Rs 7,577 crore from loans and Rs 450 crore from revenue generated through advertising and station naming rights. The new metro lines are expected to accommodate around 7.28 lakh passengers daily by 2028, requiring a fleet of 252 coaches. As part of the preparation for Phase 3, a private company has begun geotechnical investigations along Magadi Road. These investigations will assess soil conditions to ensure the stability of the construction. The first phase of testing will occur from Mysuru Road Station to Kanteerava Studio Station, while the second phase will cover the area from Hosahalli Station to Kadabagere Depot. The total cost for these investigations is approximately Rs 5.49 crore, with completion anticipated within five months.

The land acquisition process covers several areas, including significant parcels in Nainappashetti Palya, Bilekahalli, Sarakki, and Jaraganahalli, among others. This project not only aims to improve the transit system but also to alleviate traffic congestion in Bangalore, which has been a growing concern for residents and commuters alike. With the completion of Phase 3, the Bangalore Metro is set to become a crucial part of the city's infrastructure, promoting sustainable urban transport and enhancing the quality of life for its citizens.

As the project progresses, BMRCL will continue to engage with local communities and stakeholders to address any concerns and ensure a smooth transition during the construction phase. The commitment to transparency and collaboration will be vital as Bangalore moves towards a more connected and efficient public transport system.

Have something to say? Post your comment