Centre examining Rs 17,000 crore Bengaluru suburban rail project: Suresh Angadi

Minister of State for Railways Suresh Angi informed Rajya Sabha on Friday that Centre is examining  long-pending Rs 17,000 crore suburban rail project for Bengaluru city and is expected to give a d after Karnataka government discloses details of land acquisition. 

Responding during Question Hour, Angi said project has been pending due to n-cooperation from previous Congress-JDS led state government.

Discussions in progress

"w, we are discussing with state government and officials. We are studying matter. As soon as we get details about land and funds from state government, we will take it up," he ded.

BS Yediyurappa government in Karnataka has submitted a revised detailed project report (DPR) that proposes an estimate of 55-odd suburban railway stations covering a distance of about 150 km. Karnataka government has proposed to execute project through Rail Infrastructure Development Company (Karnataka) Ltd (K-RIDE) and a special purpose vehicle needs to be formed for same.

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Govt has lined up Rs 1.5 lakh crore in investment for next 10 years

To ar query on development of railways, Minister said government has lined up investments worth over Rs 1.5 lakh crore for next ten years. Institutional finance has been arranged and work has been on track wherever states have provided required land for railway projects. On payment of interest on borrowings, he said allocation for railways under current government has been much higher than previous one. revenues will improve and re will t be any short of funds for railway projects.

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