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Namma Railu - GOK cabinet approves 345 Crs as part of the MoU

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Commuter Rail

Yesterday Feb 14, 2017, Karnataka state cabinet approved the 345 Crs funds per the MoU that they had inked with railways last month.

To begin with the MoU has 2 projects on suburban rail:

  1. Conversion of 15 trains into MEMUs;
  2. Enhancement of maintenance facilities for MEMUs.

A great step forward. We hope that next steps in this MoU goes forward without any hitch. In parallel, GOK should get the SPV formalized and obtain the formal approval to the project from railways.



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