Summary:
“We have decided to start the special purpose vehicle (SPV) for Bengaluru suburban rail project jointly with the Railways. There is no new allocation for the suburban rail project. more-inChief Minister Siddaramaiah announced in his budget speech on Friday that the State government would take steps to prepare a detailed project report (DPR) for Namma Metro Phase III which will have a 105.55-km network. With this, the total length of the metro network including all the phases will be 266 km. To implement phase I at a planned expenditure of ?1,745 crore, we have sanctioned ?349 crore towards the SPV equity,” the Chief Minister said in his budget speech..