Karnataka Eyes Rs 35 bn WB Loan for Civic Projects
01 Jan 2025 Editorial Team
The Karnataka Government has announced plans to borrow Rs 35 billion (bn) from the World Bank to fund major civic improvement initiatives in Bengaluru. According to reports, the loan approval is expected soon. - Rs 10 bn: Bangalore Water Supply and Sewerage Board (BWSSB). - Rs 20 bn: Bruhat Bengaluru Mahanagara Palike (BBMP). - Rs 5 bn: Revenue Department.- Construction of nine sewage treatment plants. - Laying 400 km of sewer network lines and building pumping stations. - Constructing 173 km of new stormwater retaining walls and strengthening 80 km of old ones. The Rs 5 bn allocated to the Revenue Department will support the Karnataka State Disaster Management Authority and the Karnataka State Natural Disaster Monitoring Centre. Despite the ambitious plans, concerns remain over the effective use of funds.