+
Karnataka plans Rs 35 billion World Bank loan for civic projects
ECONOMY & POLICY

Karnataka plans Rs 35 billion World Bank loan for civic projects

The Karnataka government, under Chief Minister Siddaramaiah, has announced plans to borrow Rs 35 billion from the World Bank to fund major civic improvement initiatives in Bengaluru. The funds are aimed at enhancing water supply, stormwater drains, sewerage systems, and flood management infrastructure. According to reports, the loan approval is expected soon. - Rs 10 billion : Bangalore Water Supply and Sewerage Board (BWSSB). - Rs 20 billion : Bruhat Bengaluru Mahanagara Palike (BBMP). - Rs 5 billion : Revenue Department.- Construction of nine sewage treatment plants. - Laying 400 km of sewer network lines and building pumping stations. - Constructing 173 km of new stormwater retaining walls and strengthening 80 km of old ones.

The Rs 5 billion allocated to the Revenue Department will support the Karnataka State Disaster Management Authority and the Karnataka State Natural Disaster Monitoring Centre. Despite the ambitious plans, concerns remain over the effective use of funds. The BWSSB has faced criticism for allowing untreated sewage to pollute lakes and stormwater drains. Meanwhile, the BBMP has struggled to tackle encroachments on waterbodies.

Adding to the controversy, the Anti-Corruption Bureau recently filed a complaint with the Enforcement Directorate (ED) alleging misappropriation of BBMP funds allocated between 2013 and 2024 for road and flyover development. Reports claim these funds were misused, raising doubts about the proper management of the proposed World Bank loan. (FPJ)

The Karnataka government, under Chief Minister Siddaramaiah, has announced plans to borrow Rs 35 billion from the World Bank to fund major civic improvement initiatives in Bengaluru. The funds are aimed at enhancing water supply, stormwater drains, sewerage systems, and flood management infrastructure. According to reports, the loan approval is expected soon. - Rs 10 billion : Bangalore Water Supply and Sewerage Board (BWSSB). - Rs 20 billion : Bruhat Bengaluru Mahanagara Palike (BBMP). - Rs 5 billion : Revenue Department.- Construction of nine sewage treatment plants. - Laying 400 km of sewer network lines and building pumping stations. - Constructing 173 km of new stormwater retaining walls and strengthening 80 km of old ones.The Rs 5 billion allocated to the Revenue Department will support the Karnataka State Disaster Management Authority and the Karnataka State Natural Disaster Monitoring Centre. Despite the ambitious plans, concerns remain over the effective use of funds. The BWSSB has faced criticism for allowing untreated sewage to pollute lakes and stormwater drains. Meanwhile, the BBMP has struggled to tackle encroachments on waterbodies. Adding to the controversy, the Anti-Corruption Bureau recently filed a complaint with the Enforcement Directorate (ED) alleging misappropriation of BBMP funds allocated between 2013 and 2024 for road and flyover development. Reports claim these funds were misused, raising doubts about the proper management of the proposed World Bank loan. (FPJ)

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?