GOVERNMENT OF INDIA
Ministry of Urban Development

RAJYASABHA
UNSTARRED QUESTION No.1084
TO BE ANSWERED ON 30th NOVEMBER, 2011
Bengaluru Metro Project

 

No.1084 SHRI RAJEEV CHANDRASEKHAR:

Will the Minister of URBAN DEVELOPMENT be pleased to state:-

(a) Whether the Empowered Committee of Secretaries on Mass Rapid Transport System headed by Cabinet Secretary has decided to extend the deadline of the construction of the 42.3 km Bengaluru Metro Project, comprising two corridors from the existing September, 2012 to March, 2013;

(b) If so, the reasons for delay with details thereof;

(c) Original cost of the project and the revised cost of the project, namely increase in terms of percentage; and

(d) The details of financing pattern of the project?

ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF URBAN DEVELOPMENT
(SHRI SAUGATA ROY)

(a) & (b): The Government has approved the extension of date of completion of the project to December 2013 after reviewing the present progress. Construction of Delhi Metro Phase-I also took 711, years. In Bangalore Metro, the project really took off in the middle of 2008 after initial teething problems and would now be completed by December, 2013 including the 9.3 km extensions approved in January, 2010.

(c) : The cost has been revised from Rs.8158 to Rs.11609 Le. an increase by about 30%.

(d): The details of present financing pattern of the Bangalore Metro Project are given below:-

Rs. In Crore

Present funding pattern

Items

Amount

(a) Government of India  

Equity

1634.91

Subordinate Debt

1089.94

Total

2724.86

(b) Government of Karnataka  

Equity

1634.91

Subordinate Debt

2214.47

Total

3849.38

(c) Senior Debt

 

Japan International Co-operation Agency Loan (JICA) as Pass

Through Assistance, Loan From

Financial lnstitutions etc.

4904.74

Sr. Term loan from Government

 

of Karnataka

130.01

Total

5034.75

G. Total (a+b+c)

11609.00