{"id":552176,"date":"2023-02-02T11:24:16","date_gmt":"2023-02-02T05:54:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552176"},"modified":"2023-02-02T13:05:04","modified_gmt":"2023-02-02T07:35:04","slug":"k-ride-seeks-e800-million-soft-loan-for-bengaluru-suburban-rail-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/k-ride-seeks-e800-million-soft-loan-for-bengaluru-suburban-rail-project\/","title":{"rendered":"K-RIDE seeks \u20ac800 million soft loan for Bengaluru suburban rail project"},"content":{"rendered":"<p>Bengaluru Suburban Railway Project\u2019s (BSRP) financial requirements of Rs 15,767 crore are being met rapidly. <\/p>\n<p>The Union Budget for 2023-24 on Wednesday allocated Rs 1,350 crore (Rs 450 crore in budget support and Rs 900 crore under internal and extra-budgetary resources). <\/p>\n<p>Separately, Rail Infrastructure Development Company (Karnataka) Limited has sought an \u20ac800-million (Rs 7,140 crore) soft loan from the European Investment Bank (EIB) and the German investment and development bank KfW for the project, a top official said. <\/p>\n<p>The loan will cover 60% of the project cost (excluding rolling stock) and likely carry interest in the low single digits. The state and central governments will each contribute 20%. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru Suburban Railway Project\u2019s (BSRP) financial requirements of Rs 15,767 crore are being met rapidly. The Union Budget for 2023-24 on Wednesday allocated Rs 1,350 crore (Rs 450 crore in budget support and Rs 900 crore under internal and extra-budgetary resources). Separately, Rail Infrastructure Development Company (Karnataka) Limited has sought an \u20ac800-million (Rs 7,140 crore) soft loan from the European Investment Bank (EIB) and the German investment and development bank KfW for the project, a top official said. The loan will cover 60% of the project cost (excluding rolling stock) and likely carry interest in the low single digits. The [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,261],"tags":[],"class_list":["post-552176","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-railways-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=552176"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552176\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}