The Centre has assured Karnataka of providing viability gap funding for the Marina projects at Byndoor, Mangaluru and Malpe that will help improve commercial and tourism activities in the area, Chief Minister Basavaraj Bommai said on Monday, adding that the State would be seeking approval of CRZ extension to help boost tourism.
Speaking to reporters at Delhi after meeting Sarbananda Sonowal, Minister for Ports, Shipping and Waterways, on Monday, the Chief Minister said: “The Centre has assured the viability gap funding and has asked us to take it up on PPP model. We will invite tenders in the next 8 to 10 days and the State will also showcase this project in the Global Investors’ Meet seeking investments.”
Mr. Bommai said that the about 27 project proposals under the Ministry worth about ₹1,800 crore was discussed during a long meeting with the Union Minister. “Of the 27 projects, 10 have been approved already and the Centre has sought clarification for 10 others. Following a detailed discussion, the Centre has asked us to change the proposal for these 10 projects and submit again.”
