Bengaluru to get ₹22,242-cr suburban rail corridor
The Karnataka government has planned a suburban rail corridor on a public private partnership (PPP) model at an investment of ₹22, 242 crore in Bengaluru. The DPR will be prepared in the next six months. Sources in the Karnataka Rail Infrastructure Development Corporation (K-RIDE) said that the nodal agency implementing the projects with the revised viability gap fund (VGF) and contours, possibility for individual point-to-point projects through PPP should be explored. The ministry of railways by offering surplus land or VGF should structure it on a revenue-sharing basis. Earlier, the cost sharing of the project was 20% each of equity by the state and the railways and 60% through loans. The PPP model may speed up the project but it would rely on the participation of private firms. The railway board has asked K-RIDE to bifurcate the proposed four corridors into several point-to-point projects, which means each corridor will be taken as separate project and private players are likely to take up only commercially viable routes. The state in a recent move has submitted a proposal for the 161-km-network to be increased to 360-km, connecting suburban areas, and shelving of the Kengeri-Whitefield suburban rail route in the RITES report as it overlaps with the proposed Metro alignment.
📅Published on:
24 May 2019
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