Karnataka Bears 84% of Bengaluru Metro Project Costs, Seeks Greater Centre Funding
4 Articles
4 Articles
Who is paying for Bengaluru Metro? Congress-BJP spar ahead of Pink Line launch
Ahead of Bengaluru Metro inauguration, a political row has erupted between the Congress and BJP over who is shouldering the bigger share of the project's cost. While DK Shivakumar claims Karnataka bears 84 per cent, BJP MP Tejasvi Surya disputes the calculation. Minister Krishna Byre Gowda also alleges his speech was dropped from the event schedule.
Karnataka bears 84% of Bengaluru Metro project costs, seeks greater Centre funding
Of the ₹77,891 crore combined project outlay for Metro Phases 1, 2, 2A, 2B and the estimated cost of Phase 3, Karnataka was contributing ₹65,291 crore, while the Centre's share was ₹12,600 crore, Minister Krishna Byre Gowda.
Who really pays for Bengaluru Metro? Karnataka claims it bears 84% of cost, Centre just 16%
Karnataka has contributed Rs 65,291 crore, or 83.8 percent of the approved cost of Namma Metro’s Phases 1, 2, 2A, 2B and 3, compared with Centre’s Rs 12,600 crore, according to an assessment by the state’s Urban Development Department. The state also bears land acquisition costs, foreign loan repayments, interest and operational losses.
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