B’luru Suburban Rly Project to be completed by Dec 2027: Patil
A MoU was signed between State government and the KfW Development Bank of Germany for funding the BSRP project. The bank will lend Rs 4,561 crore at an annual interest rate of four per cent interest for 20 years.
PTI/ANI
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Minister for Large and Medium Industries and Infrastructure Development MB Patil during the Mou Signing at Vidhana Soudha in Bengaluru on Friday. PHOTO: MOHAMMED ASAD
Bengaluru, 9 Feb
State Minister MB Patil on Friday
said the Bengaluru Suburban Railway Project (BSRP) is expected to be completed
by December 2027.
The Minister was speaking to
reporters here at the signing of the MoU between State government and the KfW Development Bank of
Germany for funding the BSRP project. The bank will lend Rs 4,561 crore at an
annual interest rate of four per cent interest for 20 years.
N Manjula, Managing Director of
K-RIDE (Rail Infrastructure Development Company-Karnataka), which is the nodal
agency to complete the project, and Wolf Muth, Country Director, KFW Development
Bank signed and exchanged the documents in the presence of Patil, who holds the
infrastructure development portfolio.
This is the supplementary agreement
between Germany's KfW Development Bank and K-RIDE followed by the primary
agreement on 15 December, 2023 between the Department of Economic Affairs of
the Government of India and KfW for the disbursal of Rs 4,561 crore.
According to him, the funding is
for Corridor-1 from Bengaluru City Railway Station to Devanahalli and
Corridor-3 from Kengeri to Whitefield. "We have not yet started Corridor-1
and Corridor-3 for want of funds. Now that we have got funds we will take up
the project," the minister explained.
Corridor-1 has been split into two
parts. The first part from Yelahanka to Devanahalli will be finished by
December 2026 while Bengaluru City to Yelahanka will be completed by December
2027. The Minister also underlined that the BSRP will not compete with the
Metro Rail project but complement it. He also promised to resolve the land
acquisition issue pertaining to the Corridor-1 and Corridor-3.
Manjula said, "The project has
been planned like the Metro. It has been designed to have a train service every
90 seconds. The operational issues will be decided on the passenger
footfall." The time limit of December 2027 is contradictory to Prime
Minister Narendra Modi’s 40-month deadline to finish the Bengaluru Suburban
Rail Project, which pegged the completion date as December 2025.
While laying the foundation stone
of BSRP in Bengaluru in June 2022, the Prime Minister had said that "what
had not happened in the past 40 years will be completed in the next 40
months". BSRP, sanctioned through the Ministry of Railways
for a project cost of Rs 15,767 crore, aims to develop a suburban railway network of 148 km with 58
stations along four corridors. PTI/ANI
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