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07 September 2009

Karnataka focuses on infrastructure development

Karnataka is focusing big on infrastructure development, if the plans and projects in the pipeline are anything to go by. According to V Madhu, principal secretary – Infrastructure Development Department, Karnataka Government, there are 224 projects worth Rs 1.38 lakh crore under various stages of planning and progress in the public-private partnership (PPP) model.

Madhu said the Government is trying to double the rail infrastructure in the State at an investment of Rs 18,000 crore and energy infrastructure at Rs 80,000 crore by 2017, improving the existing road infrastructure by 2020, and also increase the number of airports to 12 from the current four and airstrips to 12 at an investment of Rs 1,500 crore by 2010-11.

Talking on the current PPP projects in the State, Madhu said that the significant ones include airports at Hassan -- for which agreement has been already signed, Bellary -- for which tendering process is on, Bijapur -- PPP agreement to be signed soon for this, Shimoga and Gulbarga, and 12 airstrips; high-speed rail link to airport at Rs 6,000 crore; 10,000 km of road projects at Rs 45,000 crore; the Devanahalli Business Park at Rs 9,500 crore; Devanahalli Convention Centre to be developed by the tourism department; logistics park near the airport for which tendering notification would be made soon and two mono rail projects in Bangalore.
Source:Realty Plus


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