Thursday, January 17, 2008

Karnataka To Mobilize $200 Mn Loan For Road Projects

Chennai/ Bangalore: The Karnataka government is planning to mop up $200 million from the Japanese Development Bank to improve them with the condition of roads in the state, particularly in the interior areas, deteriorating for lack of maintenance.

The state has a network of 37,000 km of major district roads (MDRs) which need maintenance immediate. Most of these roads fall under the purview of the respective district administrations and the public works department. The roads could not be improved for lack of funds all these years though they were supposed to be maintained every year. On the progress of Karnataka State Highways Development programme, Krishna said the state had successfully completed the first phase utilising the Rs 1,000 crore loan sanctioned by the World Bank. The project will be implemented in three phases by the state. Krishna also announced the launch of electronic payment system for contractors and agencies involved in the National Highways road construction projects.

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