April 29, 2016
Bengaluru, April 29, 2016:East-West Corridor (Purple Line) of Bangalore Metro was fully inaugurated today by Mr. Siddaramaiah, Hon'ble Chief Minister of Karnataka, Mr. M Venkaiah Naidu, Hon'ble Minister of Urban Development, Mr. Yutaka Kikuta, Deputy Chief of Mission and Minister, Embassy of Japan and Mr Takema Sakamoto, Chief Representative JICA India Office.
The newly constructed underground stretch covers a distance of 4.8 kms between M.G. Road Station and Magadi Road Station comprising of five important stations; 1) City Railway Station, 2) Kempegowda Station, Majestic, 3) Sir M. Visveshwaraya Stn., Central College, 4) Dr. B.R. Ambedkar Stn., Vidhana Soudha and 5) Cubbon Park. With the completion and start of the commercial operations between M.G. Road Station and Magadi Road Station, Purple Line (East-West corridor) will be fully operational for the commuters in Bengaluru.
The completion of this underground stretch will connect the center of the city with other elevated sections and will mitigate the impacts caused by mounting traffic in Bengaluru such as increased traffic congestion, air pollution, road accidents and journey time.
The Bangalore Metro Rail Corporation Ltd. organized an inaugural opening ceremony which was attended by Mr. Siddaramaiah, Hon'ble Chief Minister of Karnataka, Mr. M Venkaiah Naidu, Hon'ble Minister of Urban Development, Mr. Yutaka Kikuta, Deputy Chief of Mission and Minister, Embassy of Japan and Mr Takema Sakamoto, Chief Representative JICA India Office.
The commissioning of this metro line between M.G. Road Station and Magadi Road Station has reinforced the partnership of Japan International Cooperation Agency (JICA) with Karnataka for all-round development in the state and Bengaluru. The first loan agreement for the Bangalore Metro project was signed in March 2006 with a loan amount of 44,704 million Japanese Yen, followed by second loan agreement signed in June 2011 with a loan amount of 19,832 million Japanese Yen. The ODA loan's conditions are very concessional, i.e. 1.3% (first loan) and 1.4% (second loan) of interest rate and 30 years of repayment period (including 10 years of grace period).
Through project implementation, some Japanese consulting firm and manufacturers have been contributing to the success of the project by transferring the advanced technology, such as project management, safety management, environmentally-friendly rolling stock (low energy consumption) and etc., so that the citizens in Bengaluru can enjoy safe, timely and comfortable travel with high reliability of services, as a typical example of high quality infrastructure. In addition, the cooperation in urban rail sector with advanced technology enhances the development of human resources in India.
Mr. Takema Sakamoto, Chief Representative, JICA India said, "JICA has been promoting development of economic infrastructure which facilitates sustained growth. The transport sector has witnessed a paradigm shift in India and the JICA has acted as a key player in assisting Metro projects in Delhi, Kolkata, Chennai, Mumbai and Ahmedabad in addition to Bengaluru. The opening of this newly constructed underground stretch of Bangalore Metro will mitigate traffic congestion and enhance ease of travel; and reducing traffic congestion and air pollution raises local economic output and improve quality of life significantly. "
The transport sector has accounted for 55% of total JICA assistance to India in the last 10 years (between FY2006/07 and FY2015/16. India is experiencing rapid urbanization. While the registered number of automobiles and motorcycles are surging, the development of public transportation infrastructure is much required. As a result, traffic congestion, particularly in metropolitan cities, is becoming one of the most serious problems. To mitigate traffic congestion and promote regional economic growth through environmental conservation measures, JICA has been supporting construction of metros in Delhi, Kolkata, Chennai, Mumbai and Ahmedabad in addition to Bengaluru.
Recently, in last March, JICA signed an agreement with the Government of India to provide 82,434 million Japanese Yen (approx. INR 4,870 crore) Official Development Assistance (ODA) loan for the development of the metro rail system in Ahmedabad, Gujarat and 19,981 million Japanese Yen (approx. INR 1,180 crore) for the Chennai Metro Project.
Overall JICA has extended concessional ODA loans of JPY 1,049,614 million for development of metro systems in Delhi, Bengaluru, Kolkata, Chennai, Mumbai and Ahmedabad.
Over the years, JICA has provided 246,736 million Japanese Yen in ODA loans for all-round development in Karnataka. The ODA assistance includes various projects in the state like Karnataka Sustainable Forest Management and Biodiversity Conservation Project, Bangalore Water Supply and Sewerage Project, Bangalore Metro Rail Project and Bangalore Distribution Upgradation Project.
Established as an independent administrative institution under the Government of Japan, the Japan International Cooperation Agency (JICA) aims to contribute to the promotion of international cooperation. JICA works as a bridge between Japan and emerging countries and provides assistance in form of soft loan, grant and technical cooperation so that the emerging countries can strengthen their capabilities.
JICA India Office Web: http://www.jica.go.jp/india/english/
JICA India Brochure: http://www.jica.go.jp/india/english/office/others/brochures.html