Railway projects on Konkan route to get more funds if KRCL merges with Indian Railways, says MP
MP Kota Srinivas Poojary stated that the Konkan Railway Corporation Ltd. (KRCL) must merge with Indian Railways to secure increased funding for regional projects. Efforts are underway to finalize the transfer of state shares to the Union government to facilitate this transition.
Why it matters
The merger is seen as a critical step for infrastructure development and the potential introduction of new services like the Vande Bharat train in the Konkan region.
Railway projects on the Konkan coast will get more funds from the Union government only if the Konkan Railway Corporation Ltd. (KRCL) is merged with the Indian Railways. Steps will soon be taken to effect the merger, said Kota Srinivas Poojary, MP for Udupi-Chikkamagaluru, on Friday.
Addressing a gathering at Udupi railway station in Indrali after inaugurating lifts installed at platforms one and two at a cost of ₹2.26 crore, he said the governments of Karnataka, Kerala, Goa and Maharashtra have stakes in KRCL. Of these, the governments of Kerala and Goa have already transferred their shares to the Union government. There have been some delays in Karnataka in this process, he said.
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