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BusinessNov 29, 2024 01:34 PM

As lease model fails, Karnataka clears proposal to buy coaches for Bengaluru suburban rail

While approving the project in 2020, the Union government had asked the state to induct coaches under the lease model to reduce project costs A Karnataka Cabinet meeting on November 28 approved the state's share of Rs 2,135 crore for the purchase of 306 train coaches (rolling stock) for the Bengaluru suburban railway project. "The estimated cost for the rolling stock for the project is Rs 4,300 crore, out of which the state will bear Rs 2,135 crore (50 percent) and the remaining 50 percent wil ...Read More >

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