Monday, March 9, 2009

City gets Rs 3,300 cr

City gets Rs 3,300 cr
Karnataka chief minister B S Yeddyurappa has allocated Rs 3,300 crore for the infrastructure development of Bangalore city in the state budget for fiscal 2009-10. Of this amount, Rs 2,000 crore will be spent on upgrading arterial roads in greater Bangalore under the public private partnership for their maintenance. The Bangalore Bruhat Mahanagara Palike (BBMP) will invest Rs 800 crore on infrastructure development in the city, while the Bangalore Development Authority (BDA) will spend Rs 500 crore on other development works, including construction of 10-lane signal free road, connecting inner and outer ring roads, with private participation, he said.

The state government has spent Rs 1,000 crore for improving the basic infrastructure and Rs 500 crore worth of developmental works by BBMP in the next fiscal.

The state will also invest Rs 600 crore in FY 2010 towards its capital share for the first phase of Bangalore metro rail network, which is being extended. The centre-state project will require an additional Rs 1,763 crore for extending the route, Yeddyurappa, who also holds the finance portfolio, announced in his budget.

The state will provide Rs 300 crore for augmenting drinking water supply across the city. The Japan Bank for International Corporation is partly funding the ambitious project, estimated to cost Rs 3,384 crore. The water is brought from the river Cauvery, about 140 km from the city. The budget has allocated Rs 600 crore for drainage works in the city.

Another Rs 500 crore will be provided to start a luxury bus service, with a minimum fleet of 1,000 deluxe buses.

In addition to this, the chief minister has announced an allocation of Rs 500 crore capital grant to KRDCL for instituting Karnataka road fund for executing 10,000 kms of state highways and important roads and 12,600 kms roads in rural areas, with private participation.

Karnataka State Highway Development Project-2 will get an allocation of Rs 380 crore for development of 3,400 kms of highways. The government will also spend Rs 400 crore for maintenance of important district roads under Chief Minister's Rural Road Development scheme and roads and bridges under NABARD assistance at a cost of Rs 230 crore.

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