Basic infrastructure for Bengaluru, such as public toilets, bus shelters and skywalks, will be looking for private investors at Invest Karnataka, the state’s flagship global investors’ meet, to be held next month. As many as 48 projects in Bengaluru worth over 45,000 crore will be showcased at the first global investors’ meet during the Siddaramaiah-led government.
Besides some capital-intensive projects, authorities have made public a list of investment opportunities that include development of six traffic and transit management centers, construction of 2,000 bus shelters, development of 11 municipality-owned markets, and modernization of four BDA complexes and so on. In fact, these projects are pending for years now.
The list of projects, according to the Invest Karnataka website, also includes providing energy-efficient streetlights for Bengaluru, multilevel car parking spaces and even replacement of bore wells.“Our work is of a limited size. The government has identified 12 focus sectors to be showcased at the summit, such as aerospace, energy, urban infrastructure, IT and tourism among others.
There are Flats for rent in Banashankari is giving no of options to live. Urban expert V Ravichandar, while concurring on fund crunch, has another perspective: “To my mind, this is a first-of-its-kind attempt to focus on city-scale projects at a global investors’ platform. The problem with PPP was about the private players earning money. There are Flats for rent in Frazer Town is available in an affordable price. That’s why we don’t have too many successful PPPs in the city space. That the government is trying to find ways to create this is welcome.”