17.6.08

Bangalore:Rs 25,000-cr plan to develop Infrastructure

The Karnataka government has drawn up a master plan to develop infrastructure in Bangalore by spending Rs 25,000 crore over seven years.This will include an elevated rail, ring roads, ring railways, underpasses, surface passes, multi-level parking lots, and efficient water supply and sewage systems.The state will pump in two-thirds of the amount and seek the rest from the central government, according to sources. Chief Minister B S Yeddyurappa, who met Union finance minister P Chidambaram , submitted a demand for Rs 5,000 crore. He asked him to release at least Rs 1,000 crore immediately.According to him, a core committee will monitor infrastructure development in the state at regular intervals.The state government plans to hold an investors’ meet to attract more industries and investment to the state.

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