India, Nov. 13 -- Chief minister DK Shivakumar has sought revision of the Union government's funding formula for Metro rail projects, saying Karnataka bears over 80% of the cost despite the projects being structured as equal partnerships between the Union and state governments.

In a memorandum submitted to Prime Minister Narendra Modi in person on Friday, Shivakumar sought a share of foreign loan repayment risks and Metro operating losses, faster project clearances and city-specific cost estimates. He pressed for approval of Bengaluru's proposed 42-km double-decker corridor and the Sarjapur-Hebbal Metro line.

"Since the state bears the entire cost of land acquisition, shifting of utilities, 50 per cent of Central taxes, 100 per cent of ...