Karnataka govt to set up authority to attract more private investment into road projects

Bengaluru, July 28 (KNN) The Karnataka government has decided to set up a 'Karnataka State Road Regulatory and Development Authority' to attract more private investments into road projects in the state.

The 'Karnataka State Road Regulatory and Development Authority' will be headed by chief minister Siddaramaiah.

Law Minister HK Patil said the Cabinet approved the decision on Thursday.

"The authority will look into important roads, priority developmental projects, economic importance, tourism, highways connecting other states, industrial corridors, project report of developmental projects, attracting investments in improving road connectivity, transparency in PPP projects, among other factors," he said.

The cabinet in the meeting also cleared a one-time settlement scheme was cleared to recover Rs 6,105 crore in penalties for illegal minor mineral mining over eight years. A panel will form guidelines.

Another major decision taken in the meeting included the increase in milk prices by Rs 3 per litre in the state effective August 1, following demands from milk producers’ unions.  (KNN Bureau)