The Railway Minister D.V.Sadananda Gowda has said that his ministry will enter into a Memorandum of Understanding (MoU) with China on developing Mysore-Bangalore-Chennai, along with three other corridors in the country, into high speed corridors.
Addressing a press conference in Gulbarga City on Wednesday, Mr Gowda said that the railways can run the train at a speed of 160 km per hour after the development of the high speed corridors with the expertise of China. Trial for converting the Delhi-Agra sector as high speed corridor was successful, he said.
Mr Gowda said that the Railways proposes to convert the Bayapanalli Railway Station in Bangalore into a ultra modern third railway terminal in Bangalore and this project would be executed on Private Public Participation (PPP) model. The proposed terminal at Bayapanalli would have a mall, cinema screens, star hotels and other facilities.
While the private players participating in the PPP would operate all other facilities in the proposed terminal, the Railways would continue to take care of the operational matters. The private players would pay royalty to the Railways and the facility would be given on lease to the private players. As per the initial estimate the cost of the project is likely to be more than Rs.1,000 Crore.