Bengaluru's civic body, BBMP, plans to borrow Rs 19,000 crore to fund its North-South twin tunnel road project, aimed at enhancing mobility and reducing congestion. The project will be executed on a Build-Operate-Transfer (BOT-Toll) model, with financial institutions invited to express interest in funding.
Karnataka Chief Minister Siddaramaiah met Prime Minister Narendra Modi, urging for urgent clearances for the Mekedatu Balancing Reservoir and Kalasa Bandhuri projects, along with a request for Rs 10,000 crore in financial support. He highlighted a significant reduction in short-term farm loan limits by NABARD, which could adversely affect farmers, and sought Rs 5,300 crore for the Upper Bhadra Project to aid drought-prone areas.
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