(a) whether the Union Government have signed a Memorandum of
Understanding with the Karnataka Government for floating the
Karnataka Rail Infrastructure Development Company;
(b) if so, the details thereof;
(c) the percentage of funds agreed by the Government for
floating the said company;
(d) whether the Government have released its share; and
(e) the time by which the said company is likely to be made
functional?
MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS AND MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI O. RAJAGOPAL)
(a) to (e): A statement is attached.
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF
UNSTARRED QUESTION NO. 1087 BY SHRI R. L. JALAPPA TO BE
ANSWERED IN LOK SABHA ON 07.03.2002 REGARDING KARNATAKA
INFRASTRUCTURE DEVELOPMENT COMPANY
(a) to (e): Yes, Sir. A Memorandum of Understanding was
signed with the Government of Karnataka for formation of a
Joint Venture for execution of following projects.
1. Hubli-Ankola New Line
2. Solapur-Gadag Gauge Conversion
3. Hassan-Mangalore Gauge Conversion
4. Guntakal-Hospet Doubling
Government of Karnataka 26% Ministry of Railways 26% Financial Institutions/Banks/Others etc. 48%