All 4 corridors of BSRP to be ready by December 27: Karnataka Industries Minister MB Patil

Manjula, Managing Director, K-RIDE, and Mr Wolf Muth, Country Director, KFW Development Bank signed and exchanged the documents in the presence of Patil. As per the agreement, KFW would provide Rs 4,561 crore at 4 per cent interest for 20 years.

This is the supplementary agreement between Germany’s KFW and K-RIDE followed by the primary agreement between the Department of Economic Affairs, Govt of India and KFW for the disbursal of Rs 4,561 crore which took place on December 15, 2023.

Speaking on the agreement, Patil said, “It highlights how the project is going to be executed under the loan. It mentions the terms and conditions of the loan towards the project, its repayment schedule, and obligations.”

“This loan of Rs 4,561 crore aimed at addressing critical infrastructure needs would be utilised for the works of Corridor-3 (Kengeri to Whitefield) station and viaduct, Corridor-4 (Heelalige to Rajanukunte) station work, Depot-1 (Devanahalli), S and T Signal and Telecom, PSD (platform Screen Door), AFC (Automatic Fare Collection), solar panel and security equipment, MMI (Man Machine Interface),” the state government said.

Patil added, “The government is committed to ensuring transparency and accountability in the utilisation of the loan proceeds. Robust monitoring mechanisms will be in place to track expenditure and ensure that funds are used efficiently to maximise socio-economic benefits for our citizens.”

The BSRP, sanctioned by the Ministry of Railways for a project costing Rs 15,767 crore, is aimed at developing a suburban railway network of 148 km with 58 stations along four corridors.

The project is funded through the equity contribution of the Government of India, the Ministry of Railways and external borrowing in the ratio of 20:20:60.

The BSRP includes four corridors including the Sampige Line (KSR Bengaluru Station to Devanahalli), the Mallige Line (Baiyappanahalli to Chikkabanavara), the Parijaata Line (Kengeri to Whitefield) and the Kanaka Line (Heelalige to Rajanakunte).