In 2000, GoK & Ministry of Railways (MoR) signed an MoU to set up a Joint Venture Company “Rail Infrastructure Development Company ( Karnataka) Limited – K-RIDE”.

2002: MoR, GoK & IDeCK Signed Shareholders’ Agreement

Objective: To execute Rly projects in Karnataka, particularly those with potential for attracting private investment. Accordingly, 4 Rly Projects identified:

1)HubliAnkola New Line 

2)HospetGuntakal Doubling

3)Sholapur – Gadag Gauge Conversion 

4)Hassan – Mangalore Gauge Conversion