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Team Udayavani, Feb 1, 2020, 4:26 PM IST
Bengaluru: Union finance minister Nirmala Sitharaman on Saturday announced Rs 18,600 crore for the much-delayed suburban railway project as an alternative mass transit solution to decongest Bengaluru. The Centre will provide 20% equity for the project.
“Suburban train project at a cost of Rs 18,600 crore will be implemented in Bengaluru. The Centre will contribute 20% of the funding and give external funding assistance of up to 60% of the cost,” said the Finance Minister, who also represents Karnataka in the Rajya Sabha.
The announcement comes a month after the Centre had said it will give a nod to the Rs 17,000 crore suburban rail project after getting details from the Karnataka government.
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