The Karnataka government has issued a tender worth Rs 26 crore as part of the ambitious Bidadi township project. The overall project, including land acquisition, is estimated to cost Rs 18,133 crore. The government plans to finance the township entirely through borrowings and internal resource mobilisation.
Project Details
The tender is a crucial step towards developing the integrated township near Bengaluru. The project aims to create a self-sustained urban centre with residential, commercial, and industrial zones. Land acquisition is a significant component, with the government acquiring over 4,000 acres from farmers.
Financing Strategy
To fund the massive project, the government will rely on loans from financial institutions and internal revenue generation. No budgetary allocation has been made, ensuring minimal fiscal burden. The repayment will be managed through revenue from land sales and property development within the township.
The Bidadi project is expected to decongest Bengaluru by providing affordable housing and employment opportunities. It will also boost infrastructure in the region, including roads, water supply, and power connectivity. The government has assured that all legal and environmental clearances are in place.
This initiative aligns with the state's vision for balanced regional development and sustainable urbanization. The tender process is open to qualified bidders, with a deadline for submissions set for next month.
