Biocon Foundation To Fund Rs 65 Crore For Hebbagodi Metro Station
The corporate Social Responsibility (CSR) arm of biopharmaceutical company Biocon Ltd has decided to fund the Hebbagodi metro station on Hosur Road in Bengaluru. Biocon Foundation has signed a Memorandum of Understanding with the Bengaluru Metro Rail Corporation Ltd (BMRCL) to contribute Rs 65 crore for the station. In return, the company has requested to name the Hebbagodi metro station as Biocon Hebbagodi Metro Station.
The project would help in easing the traffic on the busy Hosur road, said Biocon in the press release. The metro station is a part of the new line of 18.82 km from R V Road to Bommasandra (Reach 5) under Phase II of the Bangalore Metro Rail Project. The project is expected to cost Rs 5,744 crore.