BMRCL To Recieive 100 Cr From Intel For Bellandur metro station

Global technology giant Intel has made an agreement with BMRCL to invest Rs 100 crore for the construction of the Bellandur station.

Intel is the second company to invest the 17-km Phase II (A) project that connecting Central Silk Board and KR Puram along the Outer Ring Road.

A real estate company ‘the Embassy Group’ had last year signed a pact to provide Rs 100 crore towards the Kadubeesanahalli station. The Rs 4,200-crore Phase II (A) project consists of 13 stations and the BMRCL hopes to raise 30-40% of the project cost by raising funds from corporate firms.

In return, station naming rights for 30 years, direct access to the station, advertisement rights, and commercial space will be given away by the utility.