Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ News / India/  Bengaluru suburban train project being considered by Centre, 55 stations planned
BackBack

Bengaluru suburban train project being considered by Centre, 55 stations planned

The Ministry of Railways said as soon details about land and funds from the state government are awaited
  • 55 suburban railway stations covering a distance of about 150 km are being planned in Bengaluru
  • A file photo of the Bengaluru Metro. Photo: Aniruddha Chowdhury/MintPremium
    A file photo of the Bengaluru Metro. Photo: Aniruddha Chowdhury/Mint

    NEW DELHI : The Centre is studying the long- pending 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 Suresh Angadi said in Rajya Sabha on Friday.

    Responding during the Question Hour, Angadi said the project has been pending due to non-cooperation from the previous Congress-JDS led state government. "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 added. The B S Yediyurappa government in Karnataka has submitted a revised detailed project report (DPR) that proposes around 55-odd suburban railway stations covering a distance of about 150 km.

    The state government has proposed to execute the work through the Rail lnfrastructure Development Company (Karnataka) Ltd (K-RIDE) and a special purpose vehicle has to be formed to implement the project.

    To another query on development of railways, the Minister said the government has lined up investment of over 1.5 lakh crore for next ten years. 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.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 06 Dec 2019, 03:31 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App