The Union Cabinet on 30 January 2014 approved the second phase of Bangalore Metro Rail Project to improve public transport system and provide additional public transport infrastructure in the city. It is named as Namma Metro and will cover a distance of 72 kilometer in the second phase.
Construction in the second phase includes construction of four extension lines of the East-West and North-South corridors of Phase 1 and two new lines also.
The government will make an investment of estimated 26405 crore rupees of which 5281 crore rupees will be the share of the central government and 8983 crore by Karnataka government. The remaining 12141 crore rupees will be raised through debt. The project is scheduled to be completed in five years.
At present, the Bangalore Metro (Namma) is operational for about 6.7 kilometer, which was the part of phase one of the project. The Bangalore Metro rail Corporation has created the project jointly share of center and state with 50:50 equity.