The Public Investment Board (PIB) has sanctioned funds worth Rs 156.11 billion for the Bengaluru Metro Rail Project – Phase III.
The project involves construction of two elevated corridors viz. corridor I-32.15 km long J.P. Nagar Phase IV-Kempapura stretch with 22 stations; corridor II-12.5 km long Hosahalli-Kadabgere stretch on Magadi Road with nine stations in Karnataka.