Karnataka budget for 2012-13 has a slew of initiatives,
including expansion of terminal I of city airport and Metro Rail, for
the development of country's IT hub.
The budget presented by state Chief Ministerster D V Sadananada Gowda has increased the outlay for the city to Rs 5,500 crore from Rs 4,770 crore in last year's budget.
Expansion of Terminal I of Bangalore International Airport (BIA), developed on PPP model and undertaken at a cost of Rs 1,479 crore, will be completed by December 2012, Gowda said in the assembly.
"It will handle 17.5 million passengers per annum as compared to existing capacity of 11 million."
Work on Phase-2 of Metro Rail is planned to commence during 2012-13 and would be completed by by 2017-18, he said.
The entire Phase 1 of Metro Rail is expected to be completed by December 2013, Gowda said, adding, "an outlay of Rs 500 crore has been made for the metro project."
Within the next 9 months opening of another 10.4 km is planned, Gowda said.
The State Government has approved the Phase-2 consisting of 4 extension lines and 2 new lines with a total length of 72 km at a total cost of Rs 26,405 crore.
The extension lines will give the much-needed last mile connectivity to the commuters.
The two new lines traversing through some of the densest and traffic congested areas of Bangalore are expected to provide connectivity to the Information Technology industry, he said.
Work of laying natural gas pipeline from Dabhol to Bangalore by Gas Authority of India Limited is expected to be completed this fiscal, Gowda said.
Gowda said GAIL and Karnataka State Industrial Infrastructure and Development Corporation have formed a joint venture company to provide clean fuel for power plants, transport vehicles, industries and households in and around Bangalore. (MORE) PTI BDN MSR BN KSR 03211946
The Bruhat Bengaluru Mahanagar Palike (BBMP-city corporation) would take up five important signal-free corridor projects with a total length of 51.5 km during 2012-13 at an estimated cost of Rs 426 crore to ease traffic congestion, Gowda said.
Sixteen methane generation projects by using wet solid waste would also be taken up through PPP model in Bangalore.
Gowda said total financial support of Rs 1,000 crore will be provided to BBMP for financing major selected projects including road, parking and solid waste management infrastructure during 2012-13.
The Cauvery Water Supply Scheme - Stage IV - Phase II is likely to be completed by September 2012, which would bring additional 500 MLD water to Bangalore and give much needed relief to outer areas, he said.
Ten new police stations, including three traffic police stations in Bangalore, would be started and Rs 20 crore is being provided for traffic police, Gowda said.
A total outlay of Rs 126 crore has been provided for promotion of Information Technology, Bio-Technology and Science and Technology activities.
Meanwhile, an infrastructure bill to facilitate more projects on public-private-partnership basis through transparent and accountable procedures having statutory backing would be brought before the Legislature, Gowda said today.
He said a comprehensive Karnataka Strategic Infrastructure Investment Plan with a large bouquet of investment-ready infrastructure projects in 12 sectors is being prepared with assistance of competent consultants and transaction advisors.
To give a major push to the industrial growth, Karnataka Industrial Areas Development Board would develop a land bank across the state with an investment of Rs 2,000 crore.
Gowda said 11 sector-specific parks in various regions focused on food, gems and jewellery, auto ancillary, machine tool and pharmaceutical would be set up by KIADB with a total outlay of Rs 70 crore.
The budget presented by state Chief Ministerster D V Sadananada Gowda has increased the outlay for the city to Rs 5,500 crore from Rs 4,770 crore in last year's budget.
Expansion of Terminal I of Bangalore International Airport (BIA), developed on PPP model and undertaken at a cost of Rs 1,479 crore, will be completed by December 2012, Gowda said in the assembly.
"It will handle 17.5 million passengers per annum as compared to existing capacity of 11 million."
Work on Phase-2 of Metro Rail is planned to commence during 2012-13 and would be completed by by 2017-18, he said.
The entire Phase 1 of Metro Rail is expected to be completed by December 2013, Gowda said, adding, "an outlay of Rs 500 crore has been made for the metro project."
Within the next 9 months opening of another 10.4 km is planned, Gowda said.
The State Government has approved the Phase-2 consisting of 4 extension lines and 2 new lines with a total length of 72 km at a total cost of Rs 26,405 crore.
The extension lines will give the much-needed last mile connectivity to the commuters.
The two new lines traversing through some of the densest and traffic congested areas of Bangalore are expected to provide connectivity to the Information Technology industry, he said.
Work of laying natural gas pipeline from Dabhol to Bangalore by Gas Authority of India Limited is expected to be completed this fiscal, Gowda said.
Gowda said GAIL and Karnataka State Industrial Infrastructure and Development Corporation have formed a joint venture company to provide clean fuel for power plants, transport vehicles, industries and households in and around Bangalore. (MORE) PTI BDN MSR BN KSR 03211946
The Bruhat Bengaluru Mahanagar Palike (BBMP-city corporation) would take up five important signal-free corridor projects with a total length of 51.5 km during 2012-13 at an estimated cost of Rs 426 crore to ease traffic congestion, Gowda said.
Sixteen methane generation projects by using wet solid waste would also be taken up through PPP model in Bangalore.
Gowda said total financial support of Rs 1,000 crore will be provided to BBMP for financing major selected projects including road, parking and solid waste management infrastructure during 2012-13.
The Cauvery Water Supply Scheme - Stage IV - Phase II is likely to be completed by September 2012, which would bring additional 500 MLD water to Bangalore and give much needed relief to outer areas, he said.
Ten new police stations, including three traffic police stations in Bangalore, would be started and Rs 20 crore is being provided for traffic police, Gowda said.
A total outlay of Rs 126 crore has been provided for promotion of Information Technology, Bio-Technology and Science and Technology activities.
Meanwhile, an infrastructure bill to facilitate more projects on public-private-partnership basis through transparent and accountable procedures having statutory backing would be brought before the Legislature, Gowda said today.
He said a comprehensive Karnataka Strategic Infrastructure Investment Plan with a large bouquet of investment-ready infrastructure projects in 12 sectors is being prepared with assistance of competent consultants and transaction advisors.
To give a major push to the industrial growth, Karnataka Industrial Areas Development Board would develop a land bank across the state with an investment of Rs 2,000 crore.
Gowda said 11 sector-specific parks in various regions focused on food, gems and jewellery, auto ancillary, machine tool and pharmaceutical would be set up by KIADB with a total outlay of Rs 70 crore.
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