The state government on Thursday presented a case before members of the 14th Finance Commission that upgrading Bangalore’s infrastructure facilities would require Rs 93,041 crore across eight sector from 2015 to 2020 and sought special assistance in this regard from the Centre.
Srinivasachary said the state government through its own resources and borrowing could raise Rs 42,646 crore during 2015-20 resulting in a cumulative financing gap at Rs 51,140 crore. He said special assistance would be required to fill the financial gap.
At the same time, the government had recognised the need for building institutional capacity to manage the high spendings. At present, various civic agencies like BBMP, BWSSB, BMRDA, BMTC, BDA have a capacity to spend Rs 7,000 crore per annum.
The biggest chunk of investment would be required in the sector of roads and road related infrastructure (Rs 36,350 crore), followed by transport infrastructure (Rs 29,630 crore) and urban drainage (Rs 8,000 crore).
The funds would be utilises for construction of Satellite Ring Road and Intermediate Ring Road, develop tier-II and III cities around Bangalore, provide affordable and self-sustaining public transport, increase share of public transport to 65 lakh commuters, develop sub-rail system and bus rapid system.
Here is the funds planning by all GOK agencies.
|Name of Agency||Current Level of Expenditure||Average Expenditure / Annum for 2015-20 based on Total Investment|
Year-wise Financial Requirement (In Crores)
|Agencies||FY 16||FY 17||FY 18||FY 19||FY 20||Total|