Bengaluru : The Bruhat Bengaluru Mahanagara Palike (BBMP) has proposed a massive ₹59,000 crore project aimed at addressing the city’s growing infrastructure needs. As part of the plan, the BBMP has sought approval from the Urban Development Department to borrow ₹39,000 crore from external sources.
BBMP Chief Commissioner Tushar Girinath outlined the plan in a letter, stating, “Bengaluru’s infrastructure requires ₹1 lakh crore in investment over the next ten years to meet the demands of the city’s rapidly growing population. We have proposed key projects costing ₹59,000 crore, primarily aimed at reducing traffic congestion.”
Key components of the proposed infrastructure projects include:
- 45 km of tunnel roads: Estimated at ₹36,000 crore
- 17 elevated corridors covering 100 km
- Double-decker flyovers along metro lines Skydeck construction
Of the total cost, BBMP plans to raise ₹39,000 crore through loans from external sources. To cover the remaining ₹20,000 crore, BBMP plans to generate ₹16,000 crore internally and has requested an additional ₹2,000 crore annually from the state government over the next four years. The civic body is also exploring new revenue streams, such as a potential vehicle levy, to support the initiatives.
The BBMP’s loan repayment strategy includes collecting ₹3,000 crore annually, and it has committed to implementing the **Premium Floor Area Ratio (FAR)** policy and a new advertising policy to support these repayments.
This is a notable shift in the BBMP’s financial strategy. A senior official explained, “Historically, BBMP relied on government aid and internal resources for its projects. This marks the first time the civic body is seeking large-scale loans from financial institutions. The only previous instance was raising ₹250 crore through bonds in 1999-2000.”
BBMP’s proposal now awaits approval from the Urban Development Department, which will play a crucial role in determining the future of the city’s infrastructure overhaul.