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State Government | Karnataka - India | PID: 202172
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Rail Infrastructure Development Company (Karnataka) (K-Ride) has signed a €500 million loan and €4.5 million grant agreement with Germany's KfW Development Bank for the Bengaluru Suburban Rail Project (BSRP). This collaboration aims to accelerate the much-delayed ?15,767 crore rail project by facilitating the construction of Corridor 1, Corridor 3, and system tenders. The BSRP, led by K-Ride—a joint venture of the Karnataka Government and the Ministry of Railways—focuses on providing an environmentally friendly and cost-effective mass rapid transit system in Bengaluru. The total project cost is ?15,767 crore, with a loan component of ?7,438 crore from multilateral/bilateral financial institutions
| Updated on: 19 - Dec - 2023
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