In a strategic move towards sustainable urban development, the Bangalore Metro Rail Corporation Limited (BMRCL) has signed a MoU with Delta Electronics India Pvt. Ltd., securing the station naming rights for Bommasandra Metro Station.
Image Credit (representational): BMRCL
More Details:
Bangalore Metro Rail Corporation Limited (BMRCL) and Delta Electronics India Pvt. Ltd. has entered into a Memorandum of Understanding. In which Delta Electronics is funding to the extent of Rs. 65 Crores for which they have already submitted Rs. 10 Crores, as part of Innovative Financing Mechanism for the construction of Bommasandra Metro Station on the Yellow Line of RV Road to Bommasandra (Reach-5 line) under Phase-II of the Bangalore Metro Rail Project.
About MoU:
- As per agreement, BMRCL will be offering Naming Rights of Bommasandra Metro Station for a period of 30 years with the approval of Government of Karnataka as ‘Delta Electronics – Bommasandra Metro Station’.
- This is the 3rd MoU signed in this Yellow Line after entering into agreements with M/s Infosys Foundation for Konnappana Agrahara Metro Station and M/s Biocon Foundation for Hebbagodi Metro Station.
Image Credit: BMRCL
What is Delta Electronics:
Delta Electronics Inc, is a Taiwanese electronics manufacturing company having a strong commitment to environmental sustainability and has implemented various initiatives to reduce its carbon footprint. The company actively promotes energy-efficient products and services to help customers optimise energy usage and reduce environmental impact.
Expert Insights:
Speaking on the occasion, Mr. M Maheshwar Rao, IAS, Managing Director, BMRCL, said “We are extremely happy that Delta Electronics India Pvt Ltd has come forward with their support for Sustainable Urban Development and Urban Transport.
Mr. Benjamin Lin – President & Mr. Niranjan Nayak, Managing Director, said, “We are pleased to partner with BMRCL for the construction of the Metro Station at Bommasandra on Hosur Road. This project will help in easing traffic congestion by enabling greater use of public transportation.
Conclusion:
The collaboration between BMRCL and Delta Electronics India Pvt. Ltd. not only marks a significant milestone in the development of Bangalore’s metro infrastructure but also illustrates the power of public-private partnerships in fostering urban sustainability. As Bangalore continues to grow, initiatives like these are vital in ensuring the city’s transit system evolves to meet the needs of its residents, thereby making strides towards a more connected and eco-friendly urban landscape.
Source: BMRCL – Press Release | Featured Image Credit: BMRCL
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