State's burden in metro projects over 80% despite 50:50 SPV, need urgent reforms: Karnataka CM in memorandum to PM Modi
Bengaluru, Nov. 13 -- Karnataka Chief Minister DK Shivakumar on Friday submitted a memorandum to Prime Minister Narendra Modi seeking urgent policy and funding reforms for Metro rail projects, stating that the actual financial burden on states exceeds 80 per cent despite the stipulated 50:50 Special Purpose Vehicle (SPV) partnership between the Centre and the State.
In the memorandum (No. ACSCM/T/3403/2026) issued from Vidhana Soudha today, November 13, Shivakumar termed Bengaluru Metro a crucial lifeline and noted that with the inauguration of the 7.5-km stretch of the Pink Line, Namma Metro will cross 103 km, becoming the second-largest metro network in the country. Describing Bengaluru as the fastest-growing metropolis, the Chief Mini...
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