<p>Karnataka Chief Minister Siddaramaiah criticised the union government in the presence of Prime Minister Narendra Modi on Sunday, claiming that the Centre had failed to honour its promise to bear 50% of the metro costs, and that the state was bearing 87.37% of the costs.</p>.<p>“The metro project is funded by both the union and state governments. The state government has provided Rs 25,387 crore for phases 1, 2, 2A and 3. In addition to this, it has provided Rs 3,987 crore as additional financial assistance. While the state government is bearing 87.37% of the costs, the union government is paying for 12.63% of the costs.”</p>.<p>Siddaramaiah was speaking after the inauguration of the yellow line of Namma Metro here. </p>.<p>Noting that the union government had only given Rs 7,468.86 crore out of the overall Rs 59,139 crore needed, Siddaramaiah said, “There has been an agreement that both the state and union governments will pay for the expenses as per the 50:50 model. However, apart from the equity funds, the state government and the Metro must repay the remaining amount, which came as loans with interest. I would like to convey to the prime minister that there’s a burden of 87.37% on the state government.”</p>.Yellow Line launch: CM Siddaramaiah says Karnataka outspending Centre on Bengaluru metro.<p class="bodytext">Noting that the inauguration of the yellow line had resulted in Bengaluru having the longest metro coverage (96.1 km) amongst all cities in south India, the chief minister termed it a “moment of pride” for all Kannadigas.</p>.<p class="bodytext">“The yellow line ensures quick and secure travel for thousands of professionals, industrialists and students. We expect around 3.5 lakh commuters to use the yellow line each day. Importantly, we hope that this eases the traffic congestion issues around the Central Silk Board and Jayadeva Institute of Cardiology”.</p>.<p class="bodytext">He said the 58-km-long blue line connecting Outer Ring Road (ORR) and the Kempegowda International Airport (KIA) being constructed at a cost of Rs 15,131 crore would be completed by December 2027, adding that this would connect KIA with Bengaluru city.</p>.<p class="bodytext">Noting that Bengaluru had a major pie in Karnataka’s contribution of 35-40% of India’s share in IT exports, Siddaramaiah said the state was contributing over 40% of the exports in electronics, research and development (R&D).</p>
<p>Karnataka Chief Minister Siddaramaiah criticised the union government in the presence of Prime Minister Narendra Modi on Sunday, claiming that the Centre had failed to honour its promise to bear 50% of the metro costs, and that the state was bearing 87.37% of the costs.</p>.<p>“The metro project is funded by both the union and state governments. The state government has provided Rs 25,387 crore for phases 1, 2, 2A and 3. In addition to this, it has provided Rs 3,987 crore as additional financial assistance. While the state government is bearing 87.37% of the costs, the union government is paying for 12.63% of the costs.”</p>.<p>Siddaramaiah was speaking after the inauguration of the yellow line of Namma Metro here. </p>.<p>Noting that the union government had only given Rs 7,468.86 crore out of the overall Rs 59,139 crore needed, Siddaramaiah said, “There has been an agreement that both the state and union governments will pay for the expenses as per the 50:50 model. However, apart from the equity funds, the state government and the Metro must repay the remaining amount, which came as loans with interest. I would like to convey to the prime minister that there’s a burden of 87.37% on the state government.”</p>.Yellow Line launch: CM Siddaramaiah says Karnataka outspending Centre on Bengaluru metro.<p class="bodytext">Noting that the inauguration of the yellow line had resulted in Bengaluru having the longest metro coverage (96.1 km) amongst all cities in south India, the chief minister termed it a “moment of pride” for all Kannadigas.</p>.<p class="bodytext">“The yellow line ensures quick and secure travel for thousands of professionals, industrialists and students. We expect around 3.5 lakh commuters to use the yellow line each day. Importantly, we hope that this eases the traffic congestion issues around the Central Silk Board and Jayadeva Institute of Cardiology”.</p>.<p class="bodytext">He said the 58-km-long blue line connecting Outer Ring Road (ORR) and the Kempegowda International Airport (KIA) being constructed at a cost of Rs 15,131 crore would be completed by December 2027, adding that this would connect KIA with Bengaluru city.</p>.<p class="bodytext">Noting that Bengaluru had a major pie in Karnataka’s contribution of 35-40% of India’s share in IT exports, Siddaramaiah said the state was contributing over 40% of the exports in electronics, research and development (R&D).</p>
