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)Hubli – Ankola New Line
2)Hospet – Guntakal Doubling
3)Sholapur – Gadag Gauge Conversion
4)Hassan – Mangalore Gauge Conversion