Namma Metro’s Green Line that runs from Sampige Road station to Yelachenahalli Metro station has been inaugurated by the President of India, Mr. Pranab Mukherjee. This also marks the completion of the 42 k.m. Phase 1 project. The line was opened for public use on Sunday, 4pm onward. Mr. Mukherjee said it is a proud moment for Bengaluru and also added that in the next 10-15 years, a number of Indian cities will have their own Metro network, as it is a prime way to solve traffic woes in Indian urban cities.
He also hailed the Bengaluru Metro authorities for completing the Metro network in less than 10 years, despite a number of construction challenges. Mukherjee is hopeful that the 72 k.m. Phase 2 project will also be completed in time and that the experience of Phase 1 will act as a major boost. The Phase 1 project has cost INR 13,854 crores and Chief Minister Siddaramaiah thanked both state and union governments, Agence française de développement and Japan International Cooperation Agency for financial support.
“Eight states in India already have Metro projects. While 370-Kms of the Metro line is operational, another 517-Kms of Metro line is under construction and 522-Kms of Metro line is under consideration … Innovative financing models or the value capture finance will be the highlight of this policy,” union minister for Urban Development, M Venkaiah Naidu, aid at the inaugural event, reports ET Realty.
The Centre is expected to come out with a National Metro Policy shortly as demand for Metro projects is going up in various states. The Governor of Karnataka, Vajubhai Rudabhai Vala, believes the Centre should fund Phase 2 of the project, as the city “is a hub of service sector, industries, information & technology and medicine.” He said that the state is resourceful and a lot of revenue goes to the Centre. Meanwhile on launch day, Bangalore Metro Rail Corporation Limited increased the ticket fare on both green and purple line.