Final decision on Kundamestri project likely on August 26

State government directs CMC to submit a proposal

The decision was taken at a meeting of the Urban Development department Secretary Shambudayala Meena, Karnataka Urban Infrastructure Development Finance Corporation Managing Director Aravind Srivatsa, Karnataka Urban Water Supply Board Managing Director Sandeep Dave, MLA M P Appacchu Ranjan, CMC President P D Ponnappa, Commissioner K Srikanth Rao, Assembly Speaker K G Bopaiah in Bangalore.

It was proposed to implement the project at the cost of Rs 23.50 crore. In fact, Centre had assured to bear 80 per cent of the project cost in the begnning. However, later, the Centre denied fund. Now the estimated cost of the revised project has increased to Rs 30 crore.

It has been decided to undertake the project by State government and CMC releasing Rs 15 crore each. A meeting by the officials of Karnataka Urban Infrastructure Development Finance Corporation and Karnataka Urban Water Supply Board will take a final decision on the proposed project on August 26 at Bangalore.

A sum of Rs 2.06 crore had been earmarked by the CMC under Chief Minister’s Small and Urban Town Development Project for the proposed project.