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Home -> Finance -> Full Story

K'taka to submit project report for passing funds
Friday, September 30 2005 16:12 Hrs (IST) - World Time -

Bangalore: Finance Minister P Chidambaram has asked Karnataka to submit a detailed project report for sanctioning funds for infrastructure development, Minister for Industries and Finance P G R Sindhia said today (Sept 30, 2005).

Chidambaram assured him recently that the Centre was willing to consider the state's request for funds out of Rs 5,000 crore earmarked for infrastructure development, Sindhia told reporters here.

He said he has asked the Urban Development and Public Works Departments to compile the report at an early date for submitting it to the Centre.

He said the state government has released Rs eight crore for land acquisition for the expansion of Mangalore Airport project.

Rs 50 crore has been released to the Karnataka Road Development Corporation for constructing 200 bridges he said, adding, another Rs 10 crore has been released for taking up rehabilitation programmes for bonded labourers.

PTI