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Metro Ph I gets 800 cr more from France!?
Written By srinidhi - 16 February, 2013
Review Karnataka BMRCL metro Metro Rail loan crores
Agence Francaise de Development (AFD), the French development agency of the Government of France, has approved a loan of €110 million for the phase-1 of the Bangalore Metro Rail project.
The totally secretive organization called BMRCL has gone ahead taking a 800 crores loan from the French now!
WHy did they need it? Wasnt the loans given by the ADB enough?
Delays cost money and this is a very basic project management truth..and this phase I is actually full of it! So the govt lets them borrow more money for it now!
The same 800 crores if they had raised for commter rail..would have served a bigger croud of people much sooner..unfortunately the cartel has rejected it and thats sounded the doom for this city!
COMMENTS
Any wants to put money on BMRCL bonds 500 Crore??? Sept 2014
Sanjeev - 11 November, 2014 - 11:58
Already INR 70.18Bn loans for BMRCL taken and Profitability : Net operating losses increased to INR 813.81m .
Read Page No 5 & 6 on funding pattern and cost escalation. Cost has escalated to Rs 14524 Crore as on June 2014.
http://bmrc.co.in/pdf/finance/bonds/Final%20rating%20rationale.pdf
How MBRC is covering its operating losses and other income for BMRC will it sustain over the period or its one time ???
Coming days will give more clarifity on the financial health of BMRC.
Whats the status of this Rs 500 Crore Bond subscription ???
MG Road Station has 25000 Sq Ft space, yet to rent out
Sanjeev - 17 November, 2014 - 10:07
June 2014 :
MG Road Station Block -A towards Parade ground has 15000 Sq Ft space and Block B towards earlier Plaza Theater has 10000 Sq Ft space. Page 7 of the below EOI.
http://bmrc.co.in/pdf/tenders/EOI.pdf
June 2014
Retail Space renting for Florist, Ice Crea Parlor, Books, Gifts and Novelties, Gift Shop and big retail center at halasur
Minium reserve price for these Rs 1.2 L per month
http://bmrc.co.in/pdf/tenders/BriefTenderDetails.pdf
Any idea whats happening on these commercial aspects Namma METRO
Aug 2014 : Indoor advertisement space for renting
Indoor Advertisement of 50,000 Sq Ft on reach -1 stations
Indoor Advertisement of 54,000 Sq Ft on reach -3 stations
Indoor Advertisement of 49,000 Sq Ft on reach -3B stations
Indoor Advertisement of 45,000 Sq Ft on reach -3A stations
Total of 2 Lakh Sq ft space for advertisement
Sept'2014 :
News Paper Vending Machines Tenders ( monthly minimum income expected from 19 stations : Rs 4 Lakh )
http://bmrc.co.in/pdf/tenders/Tender%20for%20Exclusive%20Newpaper%20vending%20Machine.pdf
Oct 2014 : Tender for ATMs at 11 stations with each 2 ATMs reserved price of Rs 30000 per vending machine per month.
http://bmrc.co.in/pdf/tenders/atmr133a3b.pdf
This two commercial revenue itself runs more then Rs 25 L ( consider Rs 100 per Sq ft rental value ) + Rs 6.6 L. This comes minimum of Rs 40 - 50 L per month ( Annual Rs 5 to 6 Crore ) which will be big commercial revenue for BMRCL
MaheshK - 3 June, 2016 - 01:24
I am trying to find when the south line will open, that is going towards southend circle, etc. I am not getting proper answer. I am told that there is some issue reg Lalbagh. Can someone please throw some light on this?
Naveen - 3 June, 2016 - 04:49
NS underground works are still incomplete. Until then, the southern reach (reach-4) cannot be opened. My guess is that it may open some time in Oct-2017 after trials & approvals.
kbsyed61 - 19 February, 2013 - 21:35
Sri,
I liked your phrasing of BMRCL as 'totally secretive organization'. You have nailed the truth:
"...The same 800 crores if they had raised for commter rail..would have served a bigger croud of people much sooner..unfortunately the cartel has rejected it and thats sounded the doom for this city!.."
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