Rs 20,000 crore will be spent on upgrading B'luru's infra: Siddaramaiah

Chief Minister Siddaramaiah has said that in the wake of the success of Invest Karnataka meet, Rs 20,000 crore will be spent over three years on upgrading infrastructure, including peripheral roads, outer ring roads, elevated corridor, satellite towns in Bengaluru to ease congestion.

Speaking to reporters at the helipad here on Friday, the chief minister said, “The response to the Invest Karnataka from the big players in the industry was beyond expectation. Karnataka is always a preferred destination for investors. It has been in the forefront in industries since the days of Nalawadi Krishnaraja Wadiyar. Now, further steps are being taken to make the State conducive for industries. An senior official will be appointed to follow up the 121 MoUs signed by the government with investors, and also the expressions of interest by prospective investors.

The official will be given three months to see to it that the MoUs materialise.”  Siddaramaiah said, “While Union Transport Minister Nitin Gadkari has promised to sanction Rs 1 lakh crore for the development of roads in Bengaluru, Railway Minister Suresh Prabhu has hinted at announcing suburban rail service connecting Bengaluru to the neighbouring towns, in the budget.”

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