Mumbai:
The government will increasingly use the public-private
partnership (PPP) route for infrastructure development,
prime minister Manmohan Singh said after laying the foundation
stone of the Rs450-crore multi-corridor transport project
in Bangalore on Saturday.
The
multi-corridor 10-lane project that will connect Bangalore
to the Electronics City, the hub of IT industries in and
around Bangalore, is being undertaken by a consortium
of three private companies. The transport corridor will
have a 9.5 km four-lane elevated highway and a six-lane
road at the ground level.
The
project, coming up on the Bangalore-Hosur national highway
near Karnataka-Tamil Nadu border, is expected to ease
traffic congestion and reduce transit time and job attrition
in Bangalore''s IT hub. The IT hub in and around Bangaore
is home to several software service companies, which earn
Rs12,000 crore annually in foreign exchange.
The
prime minister said public-private partnership has helped
tap funds, increase efficiency and improve quality of
services as also timely completion of projects. "I
look forward to the day when the face of this nation will
be changed by a dense network of world class highways,
reaching out to the farthest corners of the country,"
he said.
He
said the government "has a road programme - National
Highway Development Project (NHDP), costing Rs2,200,000
crore to be implemented in seven to eight years."
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