Bengaluru: The land acquisition process for the Bengaluru Suburban Railway Project (BSRP) for Corridor-1 will begin only after getting approval from bankers and the Indian Railways, a senior official said on Wednesday.
According to Railway Infrastructure Development Company (Karnataka) (K-RIDE) Managing Director N Manjula, Germany-based KfW Development Bank and the European Investment Bank have approved the loan for Corridor-1 and work will start soon.
“Bank loan has been made in relation to Corridor-1. The tender documents have been sent to KfW and EIB, as the project is being carried out with their support. “After getting approval from them, we will start the project,” Manjula told reporters here.
He said K-Ride has also sought alignment approval from Indian Railways.
“Once we get the approval, we will identify the land required for the project and start the land acquisition process,” Manjula said.
The Karnataka government has set December 2027 as the deadline to start operations on all four corridors.
Earlier, Prime Minister Narendra Modi had set a deadline of 40 months to complete the BSRP, laying its foundation stone in June 2022. According to him, the project should have been completed by December 2025.
Since the project looked no closer to being realized by December 2025, the Karnataka government revised the deadline to December 2027.
According to Railway Infrastructure Development Company (Karnataka) (K-RIDE) Managing Director N Manjula, Germany-based KfW Development Bank and the European Investment Bank have approved the loan for Corridor-1 and work will start soon.
“Bank loan has been made in relation to Corridor-1. The tender documents have been sent to KfW and EIB, as the project is being carried out with their support. “After getting approval from them, we will start the project,” Manjula told reporters here.
He said K-Ride has also sought alignment approval from Indian Railways.
“Once we get the approval, we will identify the land required for the project and start the land acquisition process,” Manjula said.
The Karnataka government has set December 2027 as the deadline to start operations on all four corridors.
Earlier, Prime Minister Narendra Modi had set a deadline of 40 months to complete the BSRP, laying its foundation stone in June 2022. According to him, the project should have been completed by December 2025.
Since the project looked no closer to being realized by December 2025, the Karnataka government revised the deadline to December 2027.
