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Karnataka appeals to European Investment Bank to fund state projects

News Network
January 12, 2019

Bengaluru, Jan 12: The Karnataka government has signed an agreement with European Investment Bank (EIB) under which the Bank will be funding 200 million euros for Bangalore Metro Rail Corporation Limited (BMRCL) for Phase-2 Reach-6 project from Nagawara to Gottigere in the City.

Thanking the EIB for funding the metro project, Deputy Chief Minister G Parameshwara said "I would like to reiterate our Chief Minister's request that EIB may consider funding other infrastructure and sustainability projects in the State."

Stating that this is the second tranche of the payment of 500 million Euros, Parameshwara said that the Asian Infrastructure Investment Bank (AIIB) has also agreed to lend 300 million Euros. In all, 800 million Euro will come for the project.

Karnataka Chief Minister H D Kumaraswamy, State Government top officials and EIB member Maria Shaw Barragan were present at the signing of the agreement, according to an official release here on Saturday.

Later, Dr Parameshwara addressing a delegation from Malaysia that they are welcome to extend financial and technical support to various City development projects. "We welcome all help and also assure all facilities needed."

He was speaking to a 11 member delegation headed by Malaysia MP and political leaders headed by Dato Seri Abrahim Seri during a meeting in which Mr Kumaraswamy was also present.

Dr Parameshwara said that the State is in forefront since 1980 in IT-BT and more than 80 per cent of IT & BT companies are located in Karnataka. The State is first in the country to come out with a separate Policy for Startups and recently the State has come out with a separate Bio Technology.

He also sought help from the delegation for the proposed Elevated Corridor project to be taken up in the State Capital Bengaluru to ease traffic congestion.

Comments

Sandeep Ullal
 - 
Saturday, 12 Jan 2019

What kind of fund. Is they investing as a partner or giving as loan

Mohan
 - 
Saturday, 12 Jan 2019

HDK doing great. Leave disagreement and small issues among cong-jds

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News Network
March 9,2020

Bengaluru, Mar 9: The first case of Nov Corona patient was found in Karnataka with a 40 year-old Software Engineer, who returned from US, developing fever today at Rajiv Gandhi Hospital in the City. This is the first case reported in the State.

Disclosing this to newsmen, Karnataka Minister for Medical Education Dr K Sudhakar said that the techie, his wife and their one child arrived from US on Feb 28 and were under observation.

He said that there were no indication or any symptoms immediately after their arrival and also for the first four days, but on March 5 the Techie developed fever and today (Monday) it was confirmed that he is suffering from the killer disease.

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News Network
January 12,2020

Mangalore, Jan 12: Thieves reportedly stole around 70,000 cash from a MESCOM ATP machine located at Chembugudde in Thokkottu, Police said here on Sunday.

Police said that the theft took place in the MESCOM sub-division office at Chembugudde. It was said that the thieves broke open the room where the MESCOM customers bill payment machine was located and stole 70,000 rupees cash from the ATP machine.

This machine had nine lakh rupees cash. The amount was reported to have been transferred at around 1500 hrs on Saturday.

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News Network
June 29,2020

Mangaluru, Jun 29: A hospital set up in 1848 in the Port City has to remain closed till July 5 as majority of the Doctors and Staff at Lady Goschen Government Hospital are quarantined after coming in contact with a COVID-19 infected person.

Hospital Medical Superintendent said that both in-patient and out-patient wings of the hospital will remain closed till July 5 as there is a need to fumigate and sanitise all the departments of the hospital. Patients for treatment under 'Ayushman Bharat – Arogya Karnataka' scheme will be sent to private medical colleges with the referral card from the hospital. The hospital will start functioning normally from July 6.

The Lady Goschen Government Hospital, earlier known as the maternity Hospital, is the oldest hospital in the district and dates back to 1848.

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