REC to provide 30450 mn finance to Bengaluru metro

26 Jun 2023 CW Team

For the Phase-II project in Bengaluru, state-owned REC Ltd would fund Bangalore Metro Rail Corporation with $30,450 million. A proposal in this regard was adopted by REC at a board meeting on Saturday, according to a statement from the business.

The Phase-Il project entails extending two Phase-I corridors and constructing two additional lines, one from RV Road to Bommasandra and the other from Kalena Agrahara to Nagawara.

The initiative will improve citywide connectivity and reduce traffic.

Phase II's 72.09 km will bring Bangalore Metro's total network length to 114.39 km, including 101 stations. REC is an NBFC with a focus on India's power industry finance and growth.

Infrastructure Urban

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