Bengaluru: The Karnataka Congress on Thursday night hit back at BJP MP Tejasvi Surya over his claim on Namma Metro funding, saying the ₹28,958 crore he cited comes from the Bangalore Metro Rail Corporation Limited’s (BMRCL) own funding plan and is labelled as external loan assistance “to be repaid by GOK”, that is, the Government of Karnataka.
In a long post on X, the party said ₹5,018 crore of the loan has been repaid so far, of which Karnataka paid ₹4,502 crore, or 90 per cent, and the Centre nothing. It said BMRCL earned ₹1,625 crore from operations in 2025-26 against loan costs of ₹1,793 crore, and cited a CAG report as saying BMRCL is completely dependent on the state government to service its debt.
The party argued that, counted by who repays, Karnataka bears 84 per cent and the Centre 16 per cent; excluding foreign loans, 74:26; and excluding equal share capital, 89:11, and said none supports the “50:50” claim. It also said the Centre signs the form while Karnataka pays the instalments. These are the Congress’s claims; Tejasvi Surya has earlier said the loan arranged through the Centre’s sovereign guarantee is repaid by BMRCL, not the state.
Related:
About the Author
