Published Paper Details:

Bengaluru city is one of the major fastest growing metropolises, with an 8.50% economic growth, and has world-class housing, education, and research facilities in the country. Over 36% of the economy of the State of Karnataka and 98% of the State's software exports come from Bangalore, making it a significant contributor to the economy of all of India. In the past 20 years, the population is growing at faster pace and almost has doubled facing the challenges of traffic and transportation problems. The existing BMTC (Bengaluru Metropolitan Transport Corporation) is working hard to meet the demands of the increasingly growing commuter population for a quick, more efficient, and user-friendly method of public transportation but is still unable to accomplish, hence there is need for developing an efficient MRTS (Mass Rail transit System). Namma metro is one of the few MRTS projects undertaken in India and perhaps to became the first underground metro system in South India. The objective of the study is to understand the benefits that the metro projects provide are more important from the government's economic and social point of view compared to the financial benefits that accrue from implementing the project. This paper discusses about the Namma Metro improving the traffic and transportation problems in Bangalore city providing numerous benefits to the citizens and society, such as. savings in fuel consumption, vehicle operating costs, travel time, reduction in road accidents and air pollution etc. These economic benefits would overweigh the financial benefits and hence assessing the same would also be of more significance. It further attempts to investigate the Economic Analysis using Framework for Economic Appraisal based on MOHAU (Ministry of Housing & urban affairs) Appraisal Guidelines for metro rail projects to enumerate all benefits and the economic viability of the project of Namma Metro Phase- I.