BANGALORE (Metro Rail News): Rail Infrastructure Development Company (Karnataka) Limited, or K-RIDE, has agreed with the KfW, the German Development Bank, to facilitate the Bengaluru Suburban Rail Project.
The Corridors
The fund will facilitate the two corridors of the Bangalore sub-urban rails, which are :
- Majestic to Devanahalli line linking KIA
- Kengeri-Whitefield line
The Agreement
The agreement was signed between the both in Delhi on Friday in the presence of the officials. It will be tasked with developing a 148 Km extended Suburban rail network on four corridors.
Total Fund & Fund Usage
K-RIDE will get a total of 500 Million Euros as a loan component and 4.5 Million Euros as a grant. K-RIDE will use the funds to float tenders for corridors other than 2 & 4 and in traction, signalling, overhead power supply, etc.
BSRP- Bengaluru Sub-Urban Rail Project
Bengaluru Suburban Rail Project (BSRP) is an approved 149.348 km long commuter rail network with 64 stations in Bangalore. It is being built at an estimated cost of Rs 15,767 Crore. It consists of 4 corridors:
- Corridor 1: Sampige Line- 41.478 km with 15 Stations
- Corridor 2: Mallige Line- 24.866 km with 14 Stations
- Corridor 3: Parijaata Line- 35.52 km with 14 Stations
- Corridor 4: Kanaka Line – 46.285 km with 19 Stations
The project is being implemented by Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) with a deadline of 2026.
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