KARNATAKA

Foundation stone laid for first Metro station under public-private partnership model

Staff Reporter



Mantri Developers will build the Sampige Road Metro station

Reach 1 of Namma Metro between Byappanahalli and M.G. Road to be operational by December



BANGALORE: Chief Minister B.S. Yeddyurappa on Thursday laid the foundation stone for the Sampige Road station of Namma Metro being taken up under public-private partnership with the Mantri Infrastructure Pvt., Ltd., a unit of Mantri Developers.

Speaking after laying the foundation stone, Mr. Yeddyurappa hailed the initiative and wished such PPP benefitting both the public and the private should be explored more.

Recalling setting aside Rs. 600 crore for Namma Metro in the budget, Mr. Yeddyurappa claimed that the Metro work picked up the speed only after Bahratiya Janata Party Government came to power. As of now, more than 20 per cent of the civil work is complete, he added.

Stating that his Government was committed to improving urban infrastructure, Mr. Yeddyurappa said Rs. 18,000 crore would be spent during the next three years in Bangalore to augment the infrastructure. He reiterated that Reach 1 of Namma Metro between Byappanahalli and M.G. Road would be operational by December.

A release from Bangalore Metro Rail Corporation Ltd., said the 5.04-acre property acquired by the corporation from Mantri divided the latter's property into two parts. The agreement envisages providing land free of cost for the construction of the Sampige Road Metro Station by the developer. The right use of the space surrounding the station for commercial purposes is what the compensation the developer gets. During the 99-year period of the lease, Bangalore Metro gets a share of the revenues earned from the property, ranging from 1 per cent to 5 per cent.

Mantri Developers would construct the station, measuring 80,000 square feet as per the design, standards and specifications approved by Bangalore Metro within 20 months.

A commercial complex measuring 8 lakh square feet would also come up surrounding the station with parking facility for 2,000 cars.

Direct access to the commercial building and the mall from the Station would be provided, Bangalore Metro said.

Presiding over the ceremony, Gandhinagar MLA Dinesh Gundu Rao urged Bangalore Metro to complete the construction and throw open Namma Metro services at the earliest.

Lok Sabha Members P.C. Mohan (Bangalore Central) and D.B. Chandre Gowda (Bangalore North), Malleswaram MLA C.N. Ashwathanarayana, Principal Secretary to Government (Urban Development) Subir Hari Singh and Bangalore Metro Managing Director N. Sivasailam were present.

Custody

Meanwhile, the police took into preventive custody 21 people, who were said to be Janata Dal (Secular) workers. The workers had planned to protest non-inclusion of the former Chief Minister and Bangalore Rural Lok Sabha Member H.D. Kumaraswamy in the list of invitees.

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