Bengaluru, Nov. 12 -- BJP MP Tejasvi Surya on Thursday accused the Karnataka government of misleading people over the funding structure of Bengaluru Metro, alleging that the state government was passing off loans guaranteed by the Centre to the Bengaluru Metro Rail Corporation Limited (BMRCL) as its own contribution.

Surya said BMRCL was a 50:50 joint venture between the Central and state governments, with both having infused Rs 9,000 crore in equity. He said the funding for Metro projects primarily came from foreign institutional investors, which provided loans to the SPV on the basis of guarantees extended by the Central government.

He challenged the Bengaluru Development Minister's claim that the state government contributed nearly 8...