Bangalore gets Rs 5,500 crore infra package

<p>Karnataka chief minister DV Sadananda Gowda has proposed an infrastructure development package of Rs 5,500 crore for the overall development of Bangalore through various sources. This would help in providing adequate infrastructure for the growth and development of Bangalore city.

Presenting the 2012-13 budget in the State Legislative Assembly, he said, “The government will come out with a policy to facilitate vertical instead of horizontal development in Bangalore.” A financial support of Rs 1,000 crore will be provided to Bruhat Bangalore Mahanagar Palike (BBMP) for financing major selected projects including road, parking and solid waste management infrastructure. Cauvery water supply scheme Stage-IV Phase-II is likely to be completed by September 2012.