Karnataka approves funding for Bengaluru suburban rail coach purchase

The Karnataka Cabinet has given approval for the allocation of Rs 2,135 crore towards the purchase of 306 train coaches for the Bengaluru suburban railway project. This investment represents 50 percent of the estimated total cost of Rs 4,300 crore for the rolling stock, with the remaining funds to be provided by the Union government.

The procurement of these metro-like AC coaches over the next five years will be overseen by the Karnataka Rail Infrastructure Development Enterprises (K-RIDE), a collaboration between the rail ministry and the state government.

Minister for Law and Parliamentary Affairs HK Patil has announced that Corridor C2, which connects Byappanahalli to Chikkabanavara, is expected to be operational by December 2026, while Corridor 4, linking Heelalige to Rajanakunte, is scheduled to commence service by December 2027. This initiative aims to improve the suburban rail network in Bengaluru and cater to the growing transportation needs of the city.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings