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Phase-3, which would cover a distance of 44.65 km, will be completed at an estimated cost of Rs 15,611 crore and is intended to be completed by 2028.
Karnataka Revenue Minister Krishna Byre Gowda said the project will cover the entire Outer Ring Road (ORR). The first metro rail line will be built from Hebbal to JP Nagar, covering a distance of 32.15 km.
The second line will pass through Gorguntepalya, Magadi Road, Mysuru Road and touch JP Nagar. Phase-3 includes Hosahalli in Vijayanagar, from Hosahalli to Magadi Road up to Kadabagere, covering a distance of approximately 12.5 km.
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According to him, a feasibility test has been done and the Centre has also given its approval for the expansion.
“The BMRCL has said in its note that it can finish (Phase-3) by 2028. The state government will bear 80 to 85 per cent cost of the project. We expect 13 to 15 per cent from the Centre,” Gowda said.