The German state-owned investment and development bank KfW Bankengruppe has committed to fund €500 million (Rs 4,000 crore) for the Bengaluru Suburban Rail Project (BSRP).
Sources in the Rail Infrastructure Development Company (Karnataka) Limited, known as KRIDE, said officials worked for the last six months to get necessary clearances and present the project to international funding agencies. Pre-appraisal missions visited the city and conducted spot assessments in March.
“We are looking for about €800 million funds. We have received a commitment of €500 million funds from KfW. We are looking forward to similar support from AFD (French Development Agency),” an official said.
