This report in DH states that the Scomi Engineering /Geodesic Techiques tie up is pitching for Bangalore Monorail on BOT basis (build, own, transfer), whose first phase of execution will see $2.4 billion investment. The State government has not yet decided on funding modalities, & is scrutinising the DPR submitted by the consortium.
The Scomi Group has also pitched for monorail projects in New Delhi, Chennai, Gujarat & Kolkata, besides Bangalore, & is said to be in an advanced stage of negotiations with state governments.
Scomi is 'excited' about India, & has described India as “a promised land” since they see huge potential in public transport business here.
See these links about progress on Mumbai monorail, also being built by Scomi :
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monorail
ssheragu
no that mumbai has shown the way for monorail, why not Namma Nengaluru
in fact this is the right time, since our own metro is yet to start
will this be a separate project like metro or any possibility of the existing metro being adapted?
probably Praja can do something
many thanks
Srinath Heragu