Rs 33 bn budget for Bangalore infrastructure- Infrastructure-Economy-News-The Economic Times

Rs 33 bn budget for Bangalore infrastructure- Infrastructure-Economy-News-The Economic Times

The Karnataka government on Friday allocated Rs 33 billion (Rs 3,300 crore) for the infrastructure development of India's IT hub in
the state budget for the ensuing fiscal 2009-10.

"Of the total budget (Rs 33 billion), Rs 20 billion (Rs 2,000 crore) will be spent on upgrading arterial roads in Greater Bangalore under a special programme, involving private partnership for their maintenance," Chief Minister B S Yeddyurappa said, presenting the vote-on-account for FY 2010 in the state legislative assembly.

The Bangalore Bruhat Mahanagara Palike (BBMP) will invest Rs 8 billion on infrastructure development in the city, while the Bangalore Development Authority (BDA) will spend Rs 5 billion on other development works, including construction of a 10-lane signal free road, connecting inner and outer ring roads, with private participation.

The state government has spent Rs.10 billion for improving the infrastructure of the city in this fiscal (2008-09).

"The state will also invest Rs 6 billion 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 17.63 billion for extending the route," Yeddyurappa, who also holds the finance portfolio, told the assembly.

The state will provide Rs.3 billion for augmenting drinking water supply across the city. The Japan Bank for International Corporation is partly funding the ambitious project, estimated to cost Rs 33.84 billion. The water is brought from the Cauvery river, about 140 km from the city.

Similarly, the budget has allocated Rs 6 billion for drainage works in the city.