Bengaluru to get ₹18,600 crore boost for suburban rail project1 min read . Updated: 01 Feb 2020, 01:22 PM IST
- India's Silicon Valley's traffic congestion the worst in world
- Project to initially have 55-odd suburban stations over 150 km
BENGALURU: Finance minister Nirmala Sitharaman’s 2020-2021 Union Budget has set aside ₹18,600 crore for the much-delayed suburban railway project as an alternate mass transit solution to decongest Bengaluru. The Centre will provide 20% equity for the project.
The announcement comes a month after the Centre had said it will give a nod to the ₹17,000 crore suburban rail project after getting details from the Karnataka government.
Badly dug up roads, rapidly increasing vehicular population and delay in implementing the metro has taken a toll on Bengaluru that was recently adjudged to be the most congested city in the world.
According to a report by TomTom, the Netherlands-based global provider of navigation, traffic and map products, Bengaluru beat 415 other cities across 57 countries to earn the title of having the worst traffic situation in 2019.
"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," Press Trust of India reported, attributing the statement to Angadi.
The B.S. Yediyurappa-led Bharatiya Janata Party (BJP) government 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 had proposed to execute the project through the Rail infrastructure Development Company (Karnataka) Ltd (K-RIDE) and SPV (special purpose vehicle) has to be formed to implement the project.