K-Ride Secures €500mn Loan & Grant €4.5mn for Bengaluru Rail Project
Rail Infrastructure Development Company (Karnataka) (K-Ride) has signed a €500 million loan and €4.5 million grant agreement with Germany's KfW Development Bank for the Bengaluru Suburban Rail Project (BSRP). This collaboration aims to accelerate the much-delayed ₹15,767 crore rail project by facilitating the construction of Corridor 1, Corridor 3, and system tenders. The BSRP, led by K-Ride—a joint venture of the Karnataka Government and the Ministry of Railways—focuses on providing an environmentally friendly and cost-effective mass rapid transit system in Bengaluru. The total project cost is ₹15,767 crore, with a loan component of ₹7,438 crore from multilateral/bilateral financial institutions.
📅Published on:
19 December 2023
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
In a significant step towards strengthening rail infrastructure and enhancing capacity on the Southern Railway network, Indian Railways has approved the doubling
Rail Vikas Nigam Limited (RVNL) has secured a Letter of Acceptance (LoA) worth ₹221.33 crore from South East Central Railway for a signalling and infrastructure
Indian Railways has approved the upgradation of the electric traction system on the Bengaluru–Tumakuru section of South Western Railway at a cost of ₹162.57 cr.
Indian Railways has sanctioned a ₹285.01 crore project to upgrade the electric traction system on the Mahbubnagar–Secunderabad–Medchal section of South Central
Chennai Metro Rail Limited (CMRL) has achieved a major civil engineering milestone for Phase 2 of its network expansion. Contractors have successfully finished
Urban mobility in India’s oldest metro network is set for a comprehensive modernization. Union Railway Minister Ashwini Vaishnaw announced a major fleet
Indian Railways maintained its freight growth momentum by loading 145 million tonnes of freight in May 2026, registering a 1.3 per cent increase over May 2025
Indian Railway Finance Corporation on Monday signed a Rs 13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) Limited to refinance the debt obligations
Indian Railways has approved slope stabilisation, tunnel rehabilitation and bridge protection works worth Rs 238 crore on the Jammu–Shri Mata Vaishno Devi
Indian Railways has approved the 54-km Kiul–Jhajha third line project at a cost of Rs 962 crore. The project is aimed at enhancing line capacity, improving
The Arakkonam–Chengalpattu section connects key suburban corridors including Chennai Beach, Tambaram, Chengalpattu and Arakkonam, and is expected to support
Union Railway Minister Ashwini Vaishnaw virtually flagged off a new express train between Bengaluru and Mumbai, strengthening rail connectivity between
Indian Railways has recorded a 170% increase in cement movement over the last four months following the introduction of new transportation reforms in November
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Ahmedabad (Sarkhej)–Dholera semi high-speed double-line
Texmaco Rail & Engineering Limited has received a Letter of Award from a train operating company in South Africa for the supply of more than 2,235 freight
Afcons Infrastructure Limited has emerged as the most suitable bidder for a major railway rehabilitation and construction project in Croatia, marking the company
Texmaco Rail & Engineering Limited has secured orders worth Rs 187.37 crore from Kochi Metro Rail Limited and Vedanta Aluminium Metal Limited, strengthening
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved three railway projects worth about Rs 23,437 crore to enhance
Rail Vikas Nigam Limited (RVNL) has adopted green building concepts for station infrastructure under the Rishikesh–Karnaprayag Rail Link, marking a step
IRCON International Limited celebrated its 50th Foundation Day on April 28 at Bharat Mandapam, New Delhi, marking five decades of contribution to India’s
