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Metro loan to be repaid from passenger ticket fares: Bommai
In Short
Speaking to the media after visiting Union Minister HD Kumaraswamy at his JP Nagar residence to invite him to his daughter's wedding, Bommai said that drought relief has its own set of criteria.
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Former Chief Minister and MP Basavaraj Bommai
Bengaluru: Former Chief Minister and MP Basavaraj Bommai has accused the state government of acting incorrectly and playing politics over the issue of drought relief. He stated that there is no need to politicize the matter.
Speaking to the media after visiting Union Minister HD Kumaraswamy at his JP Nagar residence to invite him to his daughter's wedding, Bommai said that drought relief has its own set of criteria.
Responding to a question about the ongoing discussions regarding the release of grants for Namma Metro, he said that 60 to 65% of the Metro project consists of loans, which are paid back through Metro's own revenues. ‘People should not be misled, and attempts should not be made to throw dust in the eyes of the public. The government does not repay the loan; the public does through Metro ticket fares. The loan is not repaid from the government treasury. Loans are secured only after obtaining a guarantee from the central government’ he said.
‘When I was Chief Minister, I had provided 2,500 crore rupees for the Orange Line. We will secure all necessary approvals for the Metro lines in the interest of the state. He noted that the central and state share for the Metro project stands at 50:50’, Bommai added.
