Financially weak BBMP now hitting the GIM

The civic body plans to woo investors at the Global Investors Meet with 12 projects, worth Rs 1,000 crore, under public private partnership model

Come June 7 and 8, it won't be just the state government which will be wooing investors at the Global Investors’ Meet (GIM).  BBMP plans to pledge Utility Bldg to raise Rs 1,000-crore loan

The cash-strapped Bruhat Bangalore Mahanagara Palike (BBMP) will also set upshop at GIM venue to attract investors for 12 projects like managing the city's garbage and building skywalks. The civic body proposes to execute the projects, worth Rs 1,000 crore, under the public private partnership (PPP) model.

 

Media recently reported that the BBMP had pledged the Public Utility Building and the Jayanagar Shopping Complex to raise a loan (BBMP plans to pledge Utility Bldg to raise Rs 1,000-crore loan, May 23, BM).

 

BBMP commissioner M K Shankarlingegowda has written a letter about the civic body's initiative to the state government. He writes that pre-feasibility studies for the projects have been initiated and would be made available to all prospective bidders.

 

Here are the 12 projects proposed by the BBMP:

 

1. A garbage collection and management project, worth Rs 50 crore. The civic body is yet to identify the location to implement the project.

 

2. Another waste management project covering Moore Market, Johnson Market and Mahalakshmi Layout Market, worth Rs 15 crore.

 

3. A Rs 250 crore project to develop sky walks across the city.

 

4. Development of additional facilities on the second floor of KR Market, worth Rs 4 crore

 

5. Operation and maintenance of various components at Freedom Park.

 

6. Integrated waste management plant with energy generation in South Bangalore, worth Rs 200 crore. BBMP will provide land for the project.

 

7. A Rs 250 crore project to convert waste to energy through large scale water-based segregation followed by anaerobic digestion at Kanahalli,near Magadi Road.

 

8. A Rs 50 crore project to convert municipal solid waste into grade 2 low sulphur diesel (aviation fuel, jet fuel and diesel for automotive usage).The BBMP will provide 1 acre land.

 

9. A Rs 30 crore project to convert methane into grade 2 diesel, for which 1 acre land will be provided by the BBMP.

 

10. Construction of abattoirs in North Bangalore at a cost of Rs 150 crore. The BBMP will provide 40 acres land.

 

11. Construction of 500 public toilets in city at a cost of Rs 50 crore.

 

12. Construction of 200 bus shelters, worth Rs 8 crore

 

BBMP's PPP cell coordinator and executive engineer Basavaraj Kabade told media, “The skywalks project envisages building 120 skywalks across three zones in the city to improve pedestrian mobility and safety. At Freedom Park, it is planned to create a green cover and lung space without diluting the historical significance of the location. Another important project is the construction of hygienic abattoirs, with the capacity to handle 2000 small and 500 big animals. Interested parties can submit their registration of interest to the special commissioner (projects), who is the head of PPP projects.”