<p>The state Cabinet on Wednesday cleared a proposal to provide Metro connectivity between and K R Puram and Central Silk Board Junction at a cost Rs 4,202 crore.<br /><br /></p>.<p>Briefing reporters after the Cabinet meeting, Law Minister T B Jayachandra said the 17-km stretch will be implemented under Metro Phase II(A). Work on 72-km Metro Phase II has already begun.<br /><br />Phase I will be completed in April, he added. Jayachandra said the Cabinet decision to allot KIADB land on lease-cum-sale basis to the projects, taken up by PSUs established jointly by the state and the Central governments, will help BMRCL to implement Metro Phase II.<br /><br />BMRCL is planning to mobilise resources for Metro Phase II project by selling land allotted for Phase I project near Metro stations. The land for Metro project was acquired and allotted by KIADB. But according to the Karnataka Industrial Policy 2014-19, BMRCL cannot sell the land. Hence, the Cabinet decided to amend the policy.</p>
<p>The state Cabinet on Wednesday cleared a proposal to provide Metro connectivity between and K R Puram and Central Silk Board Junction at a cost Rs 4,202 crore.<br /><br /></p>.<p>Briefing reporters after the Cabinet meeting, Law Minister T B Jayachandra said the 17-km stretch will be implemented under Metro Phase II(A). Work on 72-km Metro Phase II has already begun.<br /><br />Phase I will be completed in April, he added. Jayachandra said the Cabinet decision to allot KIADB land on lease-cum-sale basis to the projects, taken up by PSUs established jointly by the state and the Central governments, will help BMRCL to implement Metro Phase II.<br /><br />BMRCL is planning to mobilise resources for Metro Phase II project by selling land allotted for Phase I project near Metro stations. The land for Metro project was acquired and allotted by KIADB. But according to the Karnataka Industrial Policy 2014-19, BMRCL cannot sell the land. Hence, the Cabinet decided to amend the policy.</p>