The Government of India and the Asian Development Bank (ADB) have inked a pact of $500 million extension to the Bengaluru metro rail network to construct two new metro lines totalling 56 km in length.
“The new metro lines will further strengthen safe, affordable and green mobility in Bengaluru, having a positive impact on enhancing the quality of life, sustainable growth in urban habitat and livelihood opportunities,” said Mr. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance, who signed the Bengaluru Metro Rail Project agreement for the Government of India.
Mr. Takeo Konishi, Country Director of ADB’s India Resident Mission who signed the agreement for ADB, informed that the initiative aims to boost the urban transformation of Bengaluru City into a more liveable and sustainable city by uplifting the urban public transport and urban development along with concepts of ‘Transit-Oriented Development’ (TOD) and ‘Multi-Modal Integration’ (MMI).
The project will bring various benefits including road de-congestion, better urban livability and environmental improvement, Mr. Takeo added.
Deciphering TOD and MMI development models
The Transit Oriented Development (TOD) based urban development model aims at executing fast growing trends in creating vibrant, livable, and sustainable communities. The development model will target realigning growth and boost the city’s economic productivity by encompassing higher density, compact, mixed use, mixed income, safe, resource-efficient, and inclusive neighborhoods.
The initiative also aims to raise land values along with metro corridors, which will contribute towards generating capital revenues for the state government to meet the city’s long-term investment needs.
The urban development model is also an imperative solution to the serious and growing problems of climate change and global energy. The process addresses this issue by creating dense, walkable communities that help in reducing the need for driving and energy consumption.
Multi-Modal Integration (MMI) will work towards providing people-oriented, environment-friendly solutions and full-proof safe mobility solutions for all the residents of the city by seamlessly integrating different modes of public transport.
Under the Bengaluru Metro Rail Project, two new metro lines will be constructed , mostly elevated, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations.
The rail network will help decongest traffic in the city area and provide seamless connectivity to the airport. Further, the rail line will be people friendly, which will have various facilities for vulnerable groups, such as the elderly, women, children, and differently abled persons.
Asian Development Bank (ADB)’s contribution
The Asian Development Bank will further expand the additional $2 million technical assistance grant for the project to help the state government formulate urban development plans and to swiftly implemente frameworks, focusing on TOD and multimodal integration.
The grant will also strengthen the capacity of the Bangalore Metro Rail Corporation Limited and other state agencies to implement these initiatives.
Established in 1966, the Asian Development Bank envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. The bank is owned by 68 members – 49 from the Asia-pacific region.