Wednesday 23 April 2014
News updated at 10:11 PM IST
Weather
Max: 35.5°C
Min : 21.5°C
In Bangalore
Partially cloudy

Karnataka govt to release Rs 150 crore for rail projects

Bangalore, Oct 3, 2013 (PTI)
File Photo.

The Karnataka government will release Rs 150 crore this month for railway projects in the state being taken up with the Ministry of Railways on a cost-sharing basis, Chief Minister Siddaramaiah said today.

A sum of Rs 100 crore has already been released in this regard, and Rs 150 crore would be pumped in this month, the Chief Minister said after a meeting with senior Railway officials.

"The remaining amount, including additionalities, would be released this year," Siddarmaiah said.


In addition to the Rs 350 crore Budget provision made by the Karnataka government for the projects, the state would have to provide another Rs 200 crore as its share as Union Railway Minister M Mallikarjuna Kharge, who hails from the State, had announced additional funding for such projects in Karnataka, the Chief Minister said.

Minister of State for Infrastructure Development Santosh Lad said Karnataka would give within a week a list of projects to the Railways that needed to be taken up on a priority basis.

State officials said the government has taken proactive steps to speed up land acquisiton, including invoking emergency clause, and 2500 acres was acquired and handed over to the Railways in the last three years.

The state government urged the Railways to focus on completing and operationalising ongoing projects that are nearing completion such as Kolar-Chikkaballapura gauge conversion, Kadur-Chikmagalur and Kottur-Harihara lines.

State officials expressed concern that the burden of cost-sharing is high and uncertain. While initial approval for projects is based on line estimates, their cost gets escalated, they said.

They also pointed out that the fund requirement for already committed projects is around Rs 10,000 crore in addition to land acquisition cost.

"Hence, Railways should encourage public-private-partnership when PPP policy has been announced," officials said.

According to officials, there are 27 Railway projects in Karnataka having a total length of 2876 km and anticipated cost of Rs 22,400 crore. There are 16 projects which are being cost shared by Government of Karnataka. 

Go to Top

Photo Gallery
A woman with her son watches from a window the election campaign rally of National Conference...

A woman with her son watches from a window the election campaign rally of National Conference...

People get their face painted to create awareness on importance of voting in Mumbai on Wednesday...

People get their face painted to create awareness on importance of voting in Mumbai on Wednesday...

Girls display placards to create awareness on voting in Guwahati on Wednesday. PTI Photo

Girls display placards to create awareness on voting in Guwahati on Wednesday. PTI Photo

Artists make paintings of Sachin Tendulkar to wish him on the eve of his birthday in Moradabad...

Artists make paintings of Sachin Tendulkar to wish him on the eve of his birthday in Moradabad...

Police personnel ride a 'jugaad' on their way to polling booths on the eve of Lok Sabha elections...

Police personnel ride a 'jugaad' on their way to polling booths on the eve of Lok Sabha elections...

Girls learn martial arts during a self defense training camp in Faridabad on Wednesday. PTI Photo

Girls learn martial arts during a self defense training camp in Faridabad on Wednesday. PTI Photo

A woman voter showing inked finger to her children during repolling at a polling booth in Kochi...

A woman voter showing inked finger to her children during repolling at a polling booth in Kochi...

A honeybee caught feeding on nectar in ...

A honeybee caught feeding on nectar in ...

Models walk the ramp displaying jewellery during a fashion show in Chandigarh on Wednesday...

Models walk the ramp displaying jewellery during a fashion show in Chandigarh on Wednesday...

Devotees pray and take dip on the banks of the river Ganges, in Varanasi. AP Photo

Devotees pray and take dip on the banks of the river Ganges, in Varanasi. AP Photo

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523