Bangalore:The Karnataka government has allocated Rs.18 billion for Bangalore's infrastructure development in this fiscal's state budget, tabled by chief minister B.S. Yeddyurappa here Thursday.

Yeddyurappa, who also holds the finance portfolio, said Bangalore would require a whopping Rs.360 billion to tackle its infrastructure problems over the next five years.

"Such a huge investment can be made possible through the state government, public-private partnership and support from the 6.5-million citizens of Bangalore," Yeddyrappa said.

Of the Rs.18 billion, Rs.7 billion will be allotted to the Bangalore metro project, Rs.3 billion to the municipal corporation, Rs.2.4 billion for improvement of roads, Rs.1 billion for drinking water supply to the extended areas through bore wells, and Rs.250 million for improvement of traffic management.

"We will also develop a 65-kilometre outer ring road at a cost of Rs.30 billion under a build, own and transfer (BOT) basis. For smooth traffic flow in the gridlocked roads, 10 flyovers and under-passes will be built at Rs.3.5 billion," Yeddyurappa said.

To ease the traffic congestion and provide adequate parking space, about 40 multi-storeyed parking facilities will be constructed on a public-private partnership (PPP) basis.