Yogish Bhat, Chairman, Karnataka State Industrial Investment Development Corporation (KSIIDC), said in a press meet held in the DC office on September 21..." />
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Special Purpose Vehicle for Mangala Corniche: Yogish Bhat

Special Purpose Vehicle for Mangala Corniche: Yogish Bhat


Mangalore Today News Network

Mangalore, September 23: Yogish Bhat, Chairman, Karnataka State Industrial Investment Development Corporation (KSIIDC), said in a press meet held in the DC office on September 21 that Deputy Commissioner will be the convener of Special Purpose Vehicle (SPV) which will start functioning under the Urban Development Department for the implementation of Mangala Corniche Riverfront Development project.


mangala Corniche


mangala Corniche

 

Mangala Corniche, the Riverfront Development is being implemented by KSIIDC, Mangalore Urban Development Authority, Mangalore City Corporation and Coastal Development Authority with assistance from Gujarat Town Planning Scheme model in PPP model.


Describing about the project, Bhat informed that KSIIDC will conduct a comprehensive survey from Ullal-Kulur-Maravoor-Gurupura-Kannur-Ullal. The shape of 30 km long road will look like a ‘necklace’, touching the three national Highways NH-17, NH-48 and NH-13.


The four-lane ring road will be carried out in five phases. The first Phase project will take place between Ullal Bridge and Kuloor Bridge along the Gurpur Mangala. Phase-II will connect Kuloor bridge to Maravoor bridge, phase-III will connect Ullal bridge to Kannur along the Netravati, phase-IV will connect Maravoor bridge to Gurpur bridge and phase-V will connect Gurpur bridge to Kannur. He further said that Rs 3000 crore project will complete in three years under the supervision of KSIIDC.


Speaking on the occasion, V Ponnuraj, Deputy Commissioner of Dakshina Kannada district said that no land will be acquired forcefully for the project as the project plans to pool land together. The project will give new look to the physical landscape of the city and economic potential of the entire region, he added.


PWD superintending engineer, B S Balakrishna, and city corporation commissioner, K N Vijayaprakash, were present.


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