JICA extends ODA loan of 102,480 million Japanese Yen for Bengaluru Metro Rail Project (Phase 3) (I) in India

~ Strengthening sustainable urban mobility and addressing growing traffic demand in Bengaluru ~

New Delhi/Bangalore, 24 March 2026: The Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the India to provide a Japanese Official Development Assistance (ODA) loan of 102,480 million Japanese Yen for the Bengaluru Metro Rail Project (Phase 3) (I).
The loan agreement was signed in New Delhi between Dr. Alok Tiwari, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and TAKEUCHI Takuro, Chief Representative of JICA India Office.

The project aims to address the growing traffic demand in the Bengaluru Metropolitan Region in the state of Karnataka by expanding the mass rapid transportation system. The initiative is expected to promote regional economic development, improve the urban environment, and mitigate climate change by easing traffic congestion and reducing pollution caused by the increasing number of motor vehicles.

The project will include civil and architectural works for approximately 44.65 km of metro lines with 31 elevated stations, comprising the Outer Ring Road section (Corridor 3‑1) and the western growth corridor (Corridor 3‑2). By connecting with the Airport Line and Line 6, the project will complete a circular network around the city center, substantially improving airport access, strengthening interchange with existing east–west lines, and enhancing overall travel efficiency across Bengaluru. It will also advance transit‑oriented development (TOD) through multimodal integration, including feeder buses, shared‑mobility services, and double‑decker viaduct structures.

The Bangalore Metro Rail Corporation Limited (BMRCL) will serve as the executing agency responsible for the implementation of the project.

The loan will have a repayment period of 30 years, including a grace period of 10 years, with an interest rate of TORF + 80 basis points for the project and 0.80% for consulting services, and procurement will follow general untied conditions.

The project is expected to contribute to the United Nations Sustainable Development Goals, particularly in the areas of decent work and economic growth, industry and infrastructure development, sustainable cities and communities, and climate action. The project is scheduled to be completed by January 2032, with invitations for consulting services expected to be issued in April 2026. The tender announcement for the initial procurement package for civil works for the viaduct portion is planned for May 2026.