BANGALORE
Karnataka Chief minister Siddaramaiah on July 12 announced the setting up of a special purpose vehicle for implementing the Rs 8,759 crore suburban rail system connecting Bangalore to Tumkur, Ramanagaram among others. The SPV, Bangalore Sub-Urban Rail Corporation, will implement this project which will go a long way in decongesting the city.
Presenting his maiden budget after taking over as chief minister on May 13, he said, the government had done a feasibility study for a suburban rail system. “A detailed project report for Phase-I will be prepared,” he said.
Announcing many other projects for Bangalore, he said clearance from government of India for the second phase of Namma Metro covering 72 kms at a cost of Rs 26,405 crore is expected shortly. Metro line from Sampige Road to Peenya, covering 10.5 km would be made operational by October.
Full report here Business Standard
