Overview

• K-RIDE’s board led by Chief Secretary Shalini Rajneesh approved issuing new civil-work tenders for Corridor 2 (Benniganahalli–Chikkabanavara) and Corridor 4 (Heelalige–Rajanukunte).
• Corridor 2 will be bid as three stretches—Chikkabanavara–Yeshwantpur, Yeshwantpur–Hebbal, and Hebbal–Benniganahalli—with contracts targeted for award by December.
• Tenders for Corridor 4 are slated for November with awards expected early next year, after work halted in March and overall progress was reported at about 18.5%.
• K-RIDE says it terminated L&T for non-compliance over performance security and bank guarantees; L&T earlier quit and has claimed ₹505 crore as arbitration proceeds while a court stay on bank guarantee encashment is being contested.
• The 148–149 km, ₹15,767-crore project advances rolling stock plans with in-principle Railway equity for 306 coaches worth ₹4,270.30 crore, pending final CCEA approval.