Bangalore Metro Rail Corporation (BMRCL) is likely to select private sector
companies to help implement the Phase II of its project as the state government
finds it difficult to raise funds on its own.
The Phase II of the metro project will span 60 km, requiring an estimated
investment of Rs 16,000 crore.
As per sources, BMRCL has an option to look at inviting private companies.
But before that a DPR has to be prepared and approval from the state as well as
the Union Government is required and the decision will be taken by them.
Meanwhile, Phase I of the project is now about seven months away from a
scheduled trial run from Bayappanahalli in east Bangalore to the M Chinnaswamy
Cricket Stadium via the arterial MG Road totalling a distance of 8 km.
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