The Central Government will contribute Rs 1 lakh crore for the development of road infrastructure in Karnataka. As per the Cabinet decision on Wednesday it was also decided to spent Rs 200 crore on developing four light houses in the State in PPP mode.
While road projects worth Rs 60,000 crore will be started before December this year, the projects worth another Rs 40,000 crore will be taken up next year. Road Transport Minister Nitin Gadkari had assured in a recent meeting with the State Government that Centre will extend all support to the Karnataka Government for the development of infrastructure in the state. Gadkari had also promised to look into the serious traffic problem of Bangalore city and had discussed the matter with Karnatak Chife Minister last month to come out with some solution.
Gadkari while speaking at the inaugural function of Invest Karnataka -2016, a three day global investors, further said that the capacity of the New Mangalore Port will be also doubled with a development project of Rs. 10,000 crore. He said that the approach of the government is to attract more investments by which more number of jobs can be created and poverty can be eliminated.