Scomi Geodesic Consortium, the proponent of a 60-km Bangalore Monorail Project, said that it has signed up with IERS (ITNL Enso Rail System Ltd), a subsidiary of IL&FS Transportation Network as its financial partner.

Cost estimate

The current cost estimate for the first phase is approximately Rs 2,500 crore and IERS or its affiliates will invest 74 per cent in the consortium company. The Malaysia-based Scomi Engineering is public transportation solution provider, which makes coaches, rail wagons and monorail systems. In 2008, Scomi and L&T in consortium bagged the Rs 2,460-crore order to build a 20-km monorail system in Mumbai.

The proposed Bangalore monorail is on public-private partnership (PPP) mode and is awaiting final guidelines from the Karnataka Government.

4 phases

Construction of the project is divided into four phases with the first phase of 16 km called the Green Line, connecting Majestic and Agara Lake.

The monorail will also serve as a feeder to Bangalore Metro and create additional transit capacity.

Scomi Geodesic has jointly proposed to design, build, own, operate and transfer the three monorail lines.

Mr Kanesan Vellupillai, President, Scomi International, said, “it has been our constant endeavour to forge strategic financial partnerships that further strengthens our consortium's proposal.”

Mr Sanjiv Rai, Managing Director, IERS, said, “Monorail system has been accepted as a feasible mode of transport globally and has been recognised by various State governments in India.

IERS is proud to be financing and fuelling India's infrastructure growth with expert firms like Scomi Engineering and Geodesic Techniques.”

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