Source: News Bharati English08 Mar 2017 12:30:30

Bengaluru, March 8: In order to decongest Bengaluru, Karnataka government is planning to develop a new city at Kolar Gold Fields (KGF) which is around 100 km from Bengaluru. The project aims to relocate the population of at least 20 Lakh to the new city.
State Urban Minister Roshan Baig said that “we have the land at our disposal and we have initiated the project to help new cities emerge and decongest Bengaluru. We can relocate almost two million people there.” The new city will be developed by converting 12,000 acres of land which is held by defunct Bharat Gold Mines Ltd (BGML). BGML became a public sector undertaking under the Department of Mines in 1972 primarily for the production of gold.

Karnataka government wishes to develop satellite cities around Bengaluru. The cost of developing the satellite town would be in excess of Rs2,800 crore, he said. Other such clusters include Doddaballapur, Harohalli, Chikkaballapura, Dobbespet and Bidadi among others, he said. Bengaluru has the population around 10 million and is quietly congested due to over population of vehicles in the city. Global tenders for the project will be floated shortly, Baig added.

Baig said neighbouring Andhra Pradesh had to request farmers to part with their land to build its new capital Amravati. Baig said the state government has initiated the process to acquire possession of the land from Government of India.

In 1992, BGML Company was referred to Board for Industrial & Financial Reconstruction (BIFR) when its net worth became negative, according to the department of mines data. The board decided to wind up the company in 2000 and shut it down the following year. Baig said the golf course and bungalows in the property will be retained.

Baig said a special purpose vehicle would be launched to bring in private investors to develop the proposed city and that the state government was now trying to prepare a detailed project report to determine costs and logistics. Kolar has been one of the regions which were worst hit by the drought in the state and water has become a huge challenge for people living there. Desalinated water from Mangalore would be brought to KGF with the Yettinhole project.