Karnataka Govt Allocates Rs 70 Bn to Boost Bengaluru's Infrastructure
Real Estate

Karnataka Govt Allocates Rs 70 Bn to Boost Bengaluru's Infrastructure

Karnataka Chief Minister Siddaramaiah has announced a Rs 70 billionbudgetary allocation to upgrade Bengaluru’s infrastructure, more than doubling last year’s Rs 30 billion. The funding will drive transport, drainage, and urban development projects to enhance the city’s livability and economic growth.

Key Infrastructure Initiatives Rs 89 billion for a 40.5 km double-decker flyover alongside Namma Metro Phase-3, easing traffic congestion. Rs 30 billion for a 300 km road network along canal buffer zones to improve connectivity. Rs 18 billion allocated for 21 projects under the Brand Bengaluru initiative for 2024-25. Bengaluru Metro expansion to 98.60 km within two years, with a focus on connectivity to Devanahalli Business Park and two upcoming IT parks. Rs 30 billion set aside for drainage and sewage infrastructure, managed by BBMP and BWSSB. Peripheral Ring Road project renamed as Bengaluru Business Corridor, with 27,000 crore allocated and land acquisition in progress. The 73 km road will be funded with assistance from HUDCO Bank. Strategic Development and Economic Growth Bengaluru, home to over 875 Global Capability Centres (GCCs), is set to benefit from a Special Purpose Vehicle (SPV) to ensure efficient fund utilization and expedite priority projects.

The city's commercial corridor linking Karnataka with Andhra Pradesh and Tamil Nadu will see major improvements, boosting investment and economic activity.

These ambitious projects reaffirm the Karnataka government’s commitment to transforming Bengaluru into a world-class metropolis with robust infrastructure and sustainable urban planning.

Karnataka Chief Minister Siddaramaiah has announced a Rs 70 billionbudgetary allocation to upgrade Bengaluru’s infrastructure, more than doubling last year’s Rs 30 billion. The funding will drive transport, drainage, and urban development projects to enhance the city’s livability and economic growth. Key Infrastructure Initiatives Rs 89 billion for a 40.5 km double-decker flyover alongside Namma Metro Phase-3, easing traffic congestion. Rs 30 billion for a 300 km road network along canal buffer zones to improve connectivity. Rs 18 billion allocated for 21 projects under the Brand Bengaluru initiative for 2024-25. Bengaluru Metro expansion to 98.60 km within two years, with a focus on connectivity to Devanahalli Business Park and two upcoming IT parks. Rs 30 billion set aside for drainage and sewage infrastructure, managed by BBMP and BWSSB. Peripheral Ring Road project renamed as Bengaluru Business Corridor, with 27,000 crore allocated and land acquisition in progress. The 73 km road will be funded with assistance from HUDCO Bank. Strategic Development and Economic Growth Bengaluru, home to over 875 Global Capability Centres (GCCs), is set to benefit from a Special Purpose Vehicle (SPV) to ensure efficient fund utilization and expedite priority projects. The city's commercial corridor linking Karnataka with Andhra Pradesh and Tamil Nadu will see major improvements, boosting investment and economic activity. These ambitious projects reaffirm the Karnataka government’s commitment to transforming Bengaluru into a world-class metropolis with robust infrastructure and sustainable urban planning.

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