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ShareBangalore: The state government is aiming to increase the state's gross domestic product (GDP) from the current rate of 7% to 9%.
To achieve this, it plans to announce infrastructure projects worth Rs1 lakh-crore by 2010, that will be taken under the public-private partnership (PPP) model.
"The infrastructure projects will be on a futuristic basis," said V Madhu, principal secretary, infrastructure development department, at the EXCON industrial trade fair organised by the Confederation of Indian Industry (CII). He said that by 2011, the road sector would require an investment of Rs1.25 lakh-crore, while the energy sector would require Rs80,000 crore, and airport infrastructure Rs15,000 crore.
Some of the projects include a Rs45,000 crore KRDCL project to construct 10,000 kilometers of four-lane roads, the Tadri seaport at Haldipur at a cost of Rs4,000 crore and two monorail projects in Bangalore with an investment of Rs6,000 crore.
During the FICCI-KAF event earlier on Friday morning, SV Ranganath, chief secretary of Karnataka, had said that the state government has approved a 2000MW super thermal power project at Bijapur, to tide over the acute power crisis in the state.
The state is also in the process of creating a land bank of about 50,000 acres by developing rural roads and state highways, he added.
