K-RIDE signs ₹4,500 crore loan from KFW Bank for Bengaluru Suburban Rail Project

Naomi Pandya Posted on: 2023-12-18 06:45:00 Viewer: 2,058 Comments: 0 Country: India City: Bengaluru

K-RIDE signs ₹4,500 crore loan from KFW Bank for Bengaluru Suburban Rail Project

Bengaluru, India (Urban Transport News): In a groundbreaking development for Karnataka's transportation infrastructure, the Karnataka Rail Infrastructure Development Company Limited (K-RIDE) has inked a momentous loan agreement with Germany's esteemed KFW Development Bank. The signing ceremony, attended by dignitaries from the Department of Economic Affairs, Ministry of Finance, Government of India, the Government of Karnataka, and KFW officials, marks a significant leap forward for the Bengaluru Suburban Railway Project (BSRP).

The loan agreement, totaling approximately INR 4,500 crores, coupled with a grant of around INR 40 crores, is poised to propel the BSRP into realization. With a total project cost estimated at INR 7,438 crores, this financial collaboration is pivotal for the successful execution of the project.

The BSRP, conceived as an eco-friendly transportation system akin to the Bengaluru Metro, is set to revolutionize commute dynamics within the district and its environs. Envisaged to cover a sprawling network of 148.17 km, the project will feature 57 stations strategically positioned across four corridors, spanning six directions of Bengaluru.

Corridor Details

  • Kengeri (Mysuru side): Serving the western expanse.
  • Chikkabanavara (Tumakuru side): Catering to the northern stretch.
  • Rajanukunte (Doddaballapura side): Enhancing connectivity to the northwest.
  • Devanahalli (Kolar side): Extending reach to the northeast.
  • Whitefield (Bangarapet side): Focusing on the eastern corridor.
  • Heelalige: Extending connectivity to the southern periphery.

Operational oversight and management of the Bengaluru Suburban Rail system fall under the purview of Rail Infrastructure Development Company (Karnataka) Limited, commonly known as K-RIDE.

The BSRP not only promises enhanced connectivity but also positions itself as a sustainable and eco-friendly alternative, aligning with the global shift towards greener transportation solutions. Drawing inspiration from the success of the Bengaluru Metro, the BSRP aims to provide a seamless and efficient transit experience for the burgeoning population of Bengaluru.

As Karnataka embarks on this transformative journey with the support of Germany's KFW Development Bank, the Bengaluru Suburban Railway Project emerges as a beacon of progress, poised to redefine the region's transportation landscape. The collaborative efforts between K-RIDE and KFW underscore the commitment to sustainable, accessible, and efficient public transportation. As tracks are laid and stations rise, the BSRP heralds a new era for commuters in Bengaluru.

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