The state government has said no to a proposal from the the railways to share 50% of the cost of the two key doubling-cum-electrification projects, which can facilitate more local trains in the city.
In a letter to the South Western Railway (SWR), the government conveyed its decision that the doubling and electrification of the Baiyappanahalli-Hosur line (estimated at Rs 376 crore) and Yeshwantpur-Channasandra line (estimated at Rs 170 crore) should be taken up by the new special purpose vehicle set up to implement the suburban rail project.
The reply came following requests from railway officials for sharing half of the cost for expediting the project. “The government has said the two works can be taken up under the 20:20 model, with 60% of the project cost raised through loans,” an official said.
