Surathkal markets to get special boost says MLA

Mangalore Today News Network

Mangaluru,June 2,2017: on June 1, Thursday showed a government order dated May 29, giving approval for release of Rs 50 crore through the CMs special grants for construction of market complex at Surathkal. The government order from the secretary, UD department to the director, directorate of municipal administration makes it mandatory for preparation of estimate and get the same approved by the competent authority followed by administrative sanction.

MLA Bava told media that the government order discredits a reported statement by former minister J Krishna Palemar that the state government in general and CM in particularly cannot sanction special grants for a single project. Palemar in the statement that Bava displayed at the press briefing is seen that CMs grants have to be equitably distributed to all areas of the state and cannot be used for a singular project of constructing a market complex.


Asserting that such insinuations do not bother him, Bava said first phase of the complex project will cost an estimated Rs 61 crore and efforts are on to raise the balance Rs 11 crore from various sources. "Our rough calculation indicates that rentals from new complex will fetch around Rs 20 crore per annum and quite a few stakeholders including public sector banks have evinced interest to buy/rent space in the proposed complex," he said.


The Rs 50 crore sanctioned by CM Siddaramaiah is the single largest allocation of CMs special funds to any urban local body in Karnataka and that too for one project, Bava said adding this will be utilised to build a state-of-the-art commercial complex in Surathkal in his constituency. The entire project will cost Rs 120 crore and work on the second phase will be taken up at a later date, Bava said adding he will bring CM to lay foundation stone for this work shortly.