Gurugram, June 24 REC Limited – a Maharatna CPSE under Ministry of Power have approved forex tending financial assistance upto Rs3,045 Crore to Bangalore Metro Rail Corporation Limited (BMRCL) for establishment and development of Metro Line under Phase-II project in Bengaluru.
REC in its Board meeting held on 24.06.2023 in Bengaluruinter aliahas approved the proposal of BMRCL.
The Phase-II project comprisesextension of existing two corridors of Phase-I on East–West Corridor and North–South Corridor and 2 new lines from R.V. Road to Bommasandra and Kalena Agrahara to Nagawara which will traverse through some of the dense and most traffic affected areas of Bengaluru.
The Phase-II of the project will enhance connectivity and traffic ease in densely populated city of Bengaluru. With completion of Phase-II (72.09 km) the combined network of Bengaluru Metro Rail shall stands at line length of 114.39 km, with 101 Stations.
REC has forayed into funding infrastructure development and committed towards playing a pivotal role in transforming the developmental landscape of the development of the Nation.
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