+
REC to provide 30450 mn finance to Bengaluru metro
RAILWAYS & METRO RAIL

REC to provide 30450 mn finance to Bengaluru metro

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.

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.

Next Story
Infrastructure Transport

Adani Ports Builds World’s First Steel Slag Road at Private Port in Hazira

Adani Ports and Special Economic Zone (APSEZ) has inaugurated what is reported to be the world’s first steel slag road within a private port, marking a global first in sustainable port infrastructure. The 1.1-km stretch, located at Hazira Port in Surat, connects the Multi-Purpose Berth (MPB-1) to the coal yard and has been constructed using processed steel slag aggregates—an industrial by-product from steel manufacturing. The initiative reflects a circular economy approach, transforming industrial waste into high-performance road infrastructure. This is India’s third steel slag..

Next Story
Infrastructure Urban

P Govt Signs MoU With NaBFID for Amaravati Infrastructure Advisory

The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed a Memorandum of Understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) for Transaction Advisory Services. The agreement was signed in the presence of Hon’ble Chief Minister Shri N. Chandrababu Naidu. As per the MoU, NaBFID will support APCRDA in designing a financial strategy and evaluating implementation models including Public-Private Partnerships (PPP) for infrastructure projects in Amaravati. It will also assist in identifying revenue sources and land monetisation op..

Next Story
Infrastructure Urban

Gentari and Shell team up to boost EV charging network in India

Gentari Green Mobility India and Shell India have entered into a strategic roaming partnership aimed at improving electric vehicle (EV) charging accessibility across the country. Starting from 10 July, users of the Gentari Go app will be able to access Shell Recharge charging stations, while Shell Recharge users will also gain access to Gentari’s charging network, covering over 450 chargers.This collaboration is designed to expand the EV charging infrastructure and improve service quality in India by enabling interoperability between the two platforms. Gentari Go already operates more than 3..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?