The Palike will be parting with a portion of the Binny Mills land which had been leased out to a private firm and then handed over to it by the government.
BBMP has decided to hand over nearly 1.5 acres of Binny Mills land in return for the railway land required for the Okalipuram signal free corridor.
H Ravindra, Chairman of the BBMP Standing Committee on Major Works, told Deccan Herald that the deal would be finalised at a meeting between the Palike and the Railway officials, to be held later this month.
“We will clear the way by giving them the land which they have been demanding for in the Binny Mills premises. The deal will be finalised after a meeting with Railway authorities in the presence of Law Minister Suresh Kumar,” said Ravindra.
Further, it is learnt that the other claimant for the Binny Mills land, the Karnataka State Road Transport Corporation (KSRTC) will be given land in the same vicinity by the State Government.
KSRTC will get nearly 2.5 acres of land for the construction of its new depot, following the loss of its own land for the Metro project in Majestic area.
Adamant KSRTC
The land given to KSRTC was the same portion sought by BBMP to be handed over to the Railways as part of the swap.
“But KSRTC did not agree to part with that land,” said another member of the Standing Committee on Major Works.
With no option left, BBMP had to recover a nearby property, whose lease period with a private firm had expired.
The corridor will cut across the Railway land between Rajajinagar entrance and Fountain Circle (Khoday's Junction) in Majestic area. It will have an underpass and two loops of a flyover, apart from a ground-level grade separator.
The project will also have two railway underbridges, one below the Bangalore-Chennai railway line and the other below the Bangalore-Tumkur line.