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Rs 27,000 cr Bangalore metro phase-II approved

Karnataka government on Tuesday gave its green signal to take up second phase of Bangalore metro project at an investment of about Rs 27,000 crore.



Bangalore: Karnataka government on Tuesday gave its
green signal to take up second phase of Bangalore metro
project at an investment of about Rs 27,000 crore.

Water Resources Minister Basavaraj Bommai told reporters
after a cabinet meeting, chaired by Chief Minister DV
Sadananda Gowda, that the second phase covering 72 km is
planned to be completed by 2017.

The 42-km first phase is slated to be completed by next
year-end.

Higher Education Minister VS Acharya said the Cabinet
also gave the go-ahead for improving 831 km of 11 roads under
the Karnataka State Highway Improvement Project (KSHIP),
second stage, first phase, with a USD 351 million loan
assistance from the World Bank.

It was also decided to establish a modern agriculture
market on a 20-acre plot at Byatarayanapura here. It would
have cold storage, grading and marketing facilities. Sobha
Developers would be given the contract to develop this
project, expected to be ready in two years.

The government would spend Rs 105 crore for this project,
while Sobha Developers would also make some investments,
Acharya said.

A bus rapid transit system for the twin cities of
Hubli-Dharwad also got the Cabinet nod. In this Rs 452
project, there would be two dedicated lanes for state-run
buses plying between the two cities.

The Cabinet also finalised the know partner and
transaction advisor for the Global Investors` Meet scheduled
for June this year, with Ernst & Young winning the contract,
Acharya added.

PTI

From Zee News

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