Govt mulls PPP push for suburban railway

Govt mulls PPP push for suburban railway

The state government on Thursday proposed public-private partnership (PPP) for the implementation of suburban railway project with the Centre's latest policy limiting the cost sharing by Delhi to 20%.

Bengaluru Development Minister K J George held a meeting with Neeti Ayog member V K Saraswat and the Railway officials on the proposal on Thursday. Industries and Infrastructure Development Minister R V Deshpande, who took part in the meeting, spoke about the benefits of PPP model.

Sources said the government was worried about the cost of the project and was keen on the private partnership. "The state government is not sure how much of private funding they will get. The ministers said there is a lot of potential in PPP and the Railways welcomed the idea," the source added.

As per the new suburban policy, the centre and state each share 20% of the cost with the remaining 60% to be raised through loans.

Saraswat exhorted the government to have a long-term vision while implementing the project. He said multiple stations with modern facilities should be created and proper connectivity should be given to the districts across the state in a phased manner.

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