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As per latest news updates, the Karnataka Cabinet had approved the Phase 3A of this metro line, linking Sarjapur in southeastern Bengaluru with Hebbal in the north on December 6, 2024. The approval from the Union Cabinet is awaited, as the Centre holds a 50% equity stake in Namma Metro. [4] [5]
BMRCL stated that interest component wasn't that high but it was "definitely more than ₹ 1 crore (US$120,000) per day". [141] Namma Metro elevated section. BMRCL announced plans on 13 June 2013 to issue 10-year bonds. [142] The proposed bonds received a credit rating of "IND AA" from India Ratings & Research (Ind-Ra). [143]
BMRCL received bids from CRRC, Bombardier, Alstom India, and BEML. The tenders were a huge surprise; CRRC's total bid cost was ₹100 crores less than BMRCL estimates and over ₹175 crores cheaper than the next lowest bid. The firm placed a bid of ₹7.31 crores per coach, compared to BEML ₹9.28 crores per coach. [13]
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The Namma Metro (English: Our metro), also known as Bangalore Metro, is the rapid transit system serving the city of Bangalore in India. [1] Out of the operational 68 metro stations of Namma Metro as of November 2024, there are 59 elevated stations, eight underground stations and one at-grade station.