Yeah, I have heard the bad news...The delay is because BMRCL has not completed the laying of tracks in the underground section which was promised to get completed by December 2016.
Hey, that is a great news man :) I am super excited how many stations will be there and what will be the travelling time and how much will be the price of a ticket.
The stretch includes five stations: Cubbon Park, Vidhana Soudha, Sir M Visvesvaraya Station (near Central College), Kempegowda Intersection in Majestic, and the City Railway station. BMRCL claims that it will take 35 minutes to reach from one end to the other and it is likely to cost Rs 40 to travel between the two stations.
Finally Namma Metro Phase I Mysuru Road-Magadi Road stretch gets safety clearance. They have received authorization by the Commissioner for Railway Safety, who recently concluded safety trials.
It seems tunnel boring machines are repeatedly encountering hurdles. Not only that the authorities are having a difficult time finding contractors to take up tenders
The track-laying work is progressing fast and 3.6 kms of work has been completed out of 4.7 kms of underground section on the corridor.
According to sources, the cost of phase-1 has gone up 19 per cent to Rs 13,800 crore. Earlier estimates cost for Phase I was Rs 11,609 crore due to the delays in the completion of civil works the price went up.
Finnaly after delay of two years Namma Metro Phase I or Bangalore Metro will be operational for public by December 2015. According to sources, BMRCL is planning for the trail run on the Reach 2 of East-West Corridor between M G Road and Mysore Road by the end of February.
I read somewhere that the entire Phase I of 42 km would be completed by September next year. BMRCL will begin operations between Peenya Industry and Nagasandra in February, completing the stretch between Nagasandra and Sampige Road.
By December 2014 all the civil works at Metro stations in Phase I must be completed. Stations at Nagavara, Vijaynagar and National College are almost complete while the underground station near Central College is being readied at full speed. :) :)
The line from Peenya to Sampige Road has been completed and will be opened for public us soon. They are planning to complete the the entire network of 1st Phase by the end of March 2015. Which is I think a good news :) :)
According to the state government, metro phase I of the Namma Metro of Bangalore Metro Rail Corporation Ltd. (BMRCL) would be completed by March 2015. :) :)
Earlier the deadline for metro phase I was end of December 2013 but due to delay in in land acquisition, handing over of land by the Indian Railways, underground works, and shifting of utility lines. The deadline has been shifted to March 2015.
Phase I has already escaped two deadlines — December 2012 and December 2013 and it looks likethey are going to miss the timelines of March and September 2015 :( :(
OMG!!!! Delay means costs have shot up under all heads :( When the project was started, the land cost was estimated around Rs 500 crore, but now stands at Rs 2,100 crore. The cost of raw material has also shot up.
The government of Karnataka and government of India have taken 15 percent each of equity stake in BMRCL. The cost of first phase of the metro is estimated at Rs 11,609 out of which the corporation has spent Rs 8,151 crore till now.
In April 2011, the Asian Development Bank (ADB) extended up to $250 million (Rs 1,372 crore), while HUDCO sanctioned a loan of Rs 700 crore to Namma Metro project of Bangalore in October 2011.
The first phase of this metro project consists of two lines, totalling 42.3 km and 40 stations, and was partially authorized in October 2011. The lines will criss-cross the city from north to south and east to west. By the end of 2014, the existing system will accommodate 1.2 millions passengers per day and 1.9 million per day by 2021. In addition to that, the project will contribute to reduce the pollution and green house gas emissions equivalent to about 7 million tonnes of CO2 within 30 years.
Yes it is true that the French Embassy and French development agency, Agence Francaise de Development (AFD) has signed an agreement with Bangalore Metro Rail Corporation Ltd (BMRCL) for providing Euro 110 million (about Rs 787 crore) finance to Bangalore Metro project. Other Indian financial institutions such as the Housing and Urban Development Corporation and the Indian Infrastructure and Finance Company Limited are also contributing to the funding of the project.
The project has touched 66 percent as of January end 2013. The entire Phase-I will be completed by December 2014. I heard that French firm is funding the project. Is that true?