Bengaluru suburban rail: 800 cr allocated, metro to be audited

26 Mar 2021 Editorial Team

In October last year, the government had approved Rs 19,000 crore for the suburban rail project in Bengaluru.

A special purpose vehicle (SPV) will be formed to implement the project as per the proposal. In the SPV, the Central government will have 20% of the equity in the project and facilitate external financial assistance of up to 60% of the project cost. The Karnataka government will have to share the remaining 20% equity.

The Ministry of Railways has also informed the Lok Sabha that a sum of Rs 1 crore has been earmarked by the Indian Railways for the year 2020-21.

External compliance audit for metro rail

In other news, the Karnataka government and the Bengaluru Metro Rail Corporation Ltd (BMRCL) told the high court that they are ready to appoint an expert agency to ascertain whether the conditions set by the government have been followed in Bengaluru Metro's phase 1 and 2.

The court is hearing a PIL petition filed by DT Devare and Bengaluru Environment Trust, which argues that the Karnataka government's conditions through a memorandum of understanding (MoU)—phase 1 by December 2010 and phase 2 by February 2017, were not met.

The division bench has asked the BMRCL and the state government whether they are prepared for a review by an expert agency of adherence to the conditions set in the MoUs, including the Comprehensive Mobility Plan and the Integrated Traffic Rationalisation Plan.

The state government informed the court that either the Centre for Infrastructure, Sustainable Transport and Urban Planning at the Indian Institute of Science or the Centre for Public Policy, Indian Institute of Management (IIM), may be considered for reviewing and submitting the report.

Image Source

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The government has allocated Rs 800 crore as an equity infusion from the Indian Railway's to a joint venture company to be set up with the Karnataka Government to develop the Bengaluru Suburban Rail Project. In October last year, the government had approved Rs 19,000 crore for the suburban rail project in Bengaluru. A special purpose vehicle (SPV) will be formed to implement the project as per the proposal. In the SPV, the Central government will have 20% of the equity in the project and facilitate external financial assistance of up to 60% of the project cost. The Karnataka government will have to share the remaining 20% equity. The Ministry of Railways has also informed the Lok Sabha that a sum of Rs 1 crore has been earmarked by the Indian Railways for the year 2020-21. External compliance audit for metro rail In other news, the Karnataka government and the Bengaluru Metro Rail Corporation Ltd (BMRCL) told the high court that they are ready to appoint an expert agency to ascertain whether the conditions set by the government have been followed in Bengaluru Metro's phase 1 and 2. The court is hearing a PIL petition filed by DT Devare and Bengaluru Environment Trust, which argues that the Karnataka government's conditions through a memorandum of understanding (MoU)—phase 1 by December 2010 and phase 2 by February 2017, were not met. The division bench has asked the BMRCL and the state government whether they are prepared for a review by an expert agency of adherence to the conditions set in the MoUs, including the Comprehensive Mobility Plan and the Integrated Traffic Rationalisation Plan. The state government informed the court that either the Centre for Infrastructure, Sustainable Transport and Urban Planning at the Indian Institute of Science or the Centre for Public Policy, Indian Institute of Management (IIM), may be considered for reviewing and submitting the report. Image Source

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..