Murugesh Nirani Karnataka’s Minister for Large and Medium Industries said, “The project has been conceptualized in three phases — between Mysore and Chennai via Bangalore, between Bangalore and Belgaum via Davanagere and Hubli, and between Bangalore and Gulbarga.” The minister told this when he was speaking about the Global Investors Meet (GIM) to be held on June 7-8 in Bangalore.
Phase I of the project will cost Rs 1 lakh crore at a per km cost of Rs 200 crore. It will be a purely Japanese venture on a BOT (build-operate-transfer) basis. The proposal will be placed before the chief minister and thereafter before the state high-level clearance committee.
Dinesh Trivedi, former Union Railway Minister had already agreed to consider the proposal to lay a high-speed corridor between Bangalore and Belgaum.
If this project materializes this will be a boon for people from North Karnataka. But as all is still in the approval stage it would take a long time to be implemented.