Centre studying Rs 17,000 crore Bengaluru Suburban rail project: Shri Suresh Angadi

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The Centre is studying the Rs 17,000 crore suburban rail project for Bengaluru city and will give a nod after getting details about land from the Karnataka government, Minister of State for Railways Shri Suresh Angadi said in Rajya Sabha on Friday.

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  • “Now, we are discussing with the state government and officials. We are studying the matter. As soon as we get details about land and funds from the state government, we will take it up,” he said responding during the Question Hour.
  • The state government has submitted a revised Detailed Project Report (DPR) that proposes around 55-odd suburban railway stations covering a distance of around 150 kilometer.
  • The state government has proposed to execute the work through the Rail lnfrastructure Development Company (Karnataka) Limited (K-RIDE) and a Special Purpose Vehicle (SPV) has to be formed to implement the project.
  • The government has lined up investment of over Rs 1.5 lakh crore for next 10 years, the Minister said, to another query on development of railways.
  • Institutional finance has been arranged and the work is progressing well wherever the states have provided required land for the railway projects.
  • On payment of interest on borrowings, he said the allocation for railways has been much higher than the previous government.
  • The revenues will improve and there will not be any shortage of funds for the development of railways.

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