The Karnataka government is setting up a special purpose vehicle (SPV) to develop infrastructure at tourist destinations across the state under the public-private partnership (PPP), a senior official said Wednesday.
"The state cabinet Tuesday approved the proposal of the tourism department to set up the SPV for tourism infrastructure development at an estimated cost of Rs.14,737 crore. We have identified 1,468 acres of land at tourist spots across the state for the projects under PPP," the official told IANS here.
Under the SPV, private firms selected through a bidding process will be given specified acres of land on lease to develop the infrastructure facilities and operate them around the tourist spots for attracting more tourists.
"As we want to make Karnataka a preferred destination in the country for domestic and overseas tourists, we have identified 325 tourist spots across the state for developing the infrastructure through the PPP mode," the official said.
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