Embassy Group to invest in Bengaluru's infrastructure
The Embassy Group plans to invest more than Rs. 300 crore for the city's infrastructure projects like Metro station, flyovers and walkways. Following its MoU with BMRCL for construction of Kadubeesanahalli Metro Station relating to Embassy Tech Village (ETV), the company has now executed a detailed MoU with BMRCL for the construction of a Metro station at ETV on the North Outer Ring Road. In addition to the Rs. 100-crore investment in Embassy TechVillage Kadubeesanahalli Metro station, it will also install a Skywalk at ETV at approx. Rs. 9 crore.
As part of its commitment to the development of the city infrastructure, the Embassy Group is also funding the flyover between the Thanisandra junction and Nagawara Lake junction with dual spur roads, leading directly in and out of Embassy Manyata Business Park at a cost of Rs. 150 crore. In order to facilitate the Metro-related work in the area (shifting of metro line and station), the company will contribute Rs. 32 crore for acquiring a parcel of land. The Embassy Manyata Skywalk on the Outer Ring Road, installed by the Embassy Group costing Rs. 7 crore, has eased pedestrian movement around Embassy Manyata Business Park to reduce traffic disruption, supporting over 25,000 pedestrian users every day.
Jitu Virwani, Managing Director and Chairman, Embassy Group said, "The Embassy TechVillage Metro station will be located at the entrance to our established Business Park serving over 1 lakh corporate occupiers and 43 companies operating within the park. Working with BMRCL for a key infrastructure project in Bengaluru is another way in which Embassy continues to contribute to the city and the welfare of its citizens. Urban Infrastructure is a focus for a global city like Bengaluru and we are happy to support this initiative. The extended section of the Namma Metro will enhance connectivity between business districts and residential localities. Embassy Group will continue to support the creation of world-class public transportation for the citizens of Bengaluru."
Speaking on the Embassy Group's collaboration with BMRCL, Mahendra Jain, IAS, Managing Director, BMRCL said, "It is a matter of great pleasure that Embassy Group, the pride of Bengaluru, has come forward to join hands with Namma Metro in its ambitious plans to 'connect' Bengaluru, by expanding the network to provide mobility to the enterprising citizens of Bengaluru. We have signed two agreements, one to augment our finances to expedite work on Outer Ring road and the other to facilitate and coordinate work on new flyover. This is the beginning of an association, a partnership which holds a lot of promise to develop our city beautiful."
@EPC World Media