The Central Government of India has approved two phases of the Bangalore metro rail project, which will cover a total distance of 58.19 kilometres. The estimated investment in the metro rail network is INR 147.8 billion (US$ 1.96 billion). The project will facilitate travelling by public transportation to the Information Technology and Biotechnology sectors based in the Karnataka capital.
Phase 2A of the project involves a 19.75-kilometre long line connecting Central Silk Board Junction to KR Puram with 13 intermediate stations, while Phase 2B includes a 38.44 km long line connecting KR Puram to Airport via Hebbal Junction with 17 intermediate stations.
Country updates
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April 16, 2021
Adani to acquire 31.5 % stake in Gangavaram Port Limited
Adani Ports and Special Economic Zones (APSEZ) has received regulatory approvals for the acquisition of a stake in Gangavaram Port Limited (GPL). In March 2021, APSEZ had announced a 31.5% stake held...
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April 14, 2021
Tata Power acquires 51% stake in power distribution in Odisha
Tata Power has announced that it has taken over the management and operations of NESCO (North Eastern Electricity Supply Company of Odisha) due to the completion of the sale process. NESCO will operat...
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April 14, 2021
Adani Ports acquires multimillion Port PPP project in India for USD371 million
Adani Ports and Special Economic Zone Ltd. (APSEZ) has announced the acquisition of the residual 25% stake in Adani Krishnapatnam Port Ltd., (Krishnapatnam Port) for INR 28 billion (US$ 371.67 m...
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April 13, 2021
NHAI awards Pathankot - Mandi road PPP project
National Highway Authority of India (NHAI) has issued a letter of award to IRB Infrastructure Developers for the road section PPP project in Himachal Pradesh. The development includes rehabi...
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April 12, 2021
NIIF fund to invest in Indian hospital portfolio
National Investment and Infrastructure Fund Limited (NIIFL) has announced an investment of INR 21 billion (US$ 286.54 million) in Manipal Hospitals through its NIIF Strategic Opportunities Fund (SOF)....
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