Karnataka Government has chalked out an investment plan of Rs 22,000 crore under the Capital Investment Plan for Bangalore (2009-12) for the overall development of Bangalore city.
The proposed development works which aims at improving roads, drains, lakes and establishing market complexes at the newly included areas into the BBMP limits by 2012 are expected to be carried out through Bruhat Bangalore Mahanagara Palike (BBMP). Most of these works are expected to be undertaken in PPP mode. The development works are part of "Our Bangalore - Our goal and vision" project.
The works include 12 major signal-free corridors, three elevated corridors, strengthening of arterial and sub-arterial roads, construction of 40 railway over- and underbridges, elevated roads built over stormwater drains, remodelling of drains and rejuvenation of lakes in Bangalore.
The BBMP is planning to raise the required funds with contributions from the state government, the Bangalore Development Authority (BDA) and funds from JNNURM and other loans.
The BBMP is reportedly setting aside Rs 5,700 crore, the state government is aiming to raise Rs 8,300 crore through bonds and loans obtained by the Union Government guarantee. The BDA is expected to contribute another Rs 2,000 crore and the remaining Rs 2,000 crore is likely to be raised through the PPP model. Even the Housing and Urban Development Corporation and a few conglomerates have come forward to extend financial assistance for some projects.
To make 12 key corridors signal-free, the plan is to equip over 100 junctions with grade separators. The total road length covered under this project is likely to be 122 km, a network connecting the Central Business District with Outer Ring Road and Radial Roads. The BBMP has identified close to 500 km of roads in the new zones for widening, strengthening and asphalting. Another important proposal is the construction of three elevated corridors, in Bangalore's north, south and east to decongest traffic.
Source : ProjectsToday
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