The Asian Development Bank (ADB) has agreed to provide $500m in financing to expand the metro rail network in Bengaluru, the capital city of Indian state Karnataka.
The Bengaluru Metro Rail Project will utilise the funding to construct two new metro rail corridors to supplement an efficient and safe transportation system.
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The project work will include the construction of two new metro lines, mostly elevated, with a total length of 56km along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport.
It will also involve the construction of 30 metro stations that will feature multimodal facilities, including bus bays, taxi stand, motorcycle pools, and pedestrian walkways and bridges.
The bank has also agreed to provide an additional technical assistance grant of $2m to support the state government to formulate urban development plans.
The funding will also help to implement frameworks, focusing on transit-oriented development and multimodal integration.
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By GlobalDataThe financial assistance will also help to strengthen the capacity of the Bangalore Metro Rail Corporation Limited as well as other state agencies to implement transit-oriented development and multimodal integration.
ADB South Asia senior transport specialist Kaoru Kasahara said: “This will enhance the economy, improve the urban environment, and make the city more livable.
“The project supports urban transformation of Bengaluru city through a multidimensional approach of urban public transport and urban development.
“The new metro lines will ease daily travel of commuters and decongest traffic across the city, contributing to overall productivity.
“The project will provide efficient, punctual, and safe transportation in the city and promote a clean urban environment.”
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Bangalore Metro Station, India. (Credit: Pbhattiprolu/Wikipedia)
