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Bangalore needs Rs 310 bn to update infra
PM News Bureau
Bangalore's decaying infrastructure needs Rs 31,000 crore
($7.20 billion) in the next four years to enhance it. The Karnataka government
expects the Central government to help in the task.
According to Chief Minister B.S. Yeddyurappa, the job of updating the city
infrastructure should be considered a national priority.
The state has sought Rs 7,500 crore from the Centre under the Jawaharlal Nehru
National Urban Renewal Mission. While Karnataka will give Rs 4,500 crore, the
city civic body and Bangalore water supply board will provide Rs 5,000 crore and
the balance Rs 14,000 crore will be raised through debt and public-private
partnership.
A recent state government study on improving the city's infrastructure has shown
that an investment of Rs 31,000 crore is needed for 2007-2012 period. However,
the Centre has allocated only Rs 13,750 crore for Bangalore and Mysore for
2005-12.
Meanwhile, the BJP government, which assumed power in the state in May, has
unveiled a plan to take up major infrastructure development in the city at a
cost of nearly Rs 10,000 crore.
[July 7-13, 2008]
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