The Belagavi Cantonment Board has approved participation in the Urban Challenge Fund Scheme, paving the way for a ₹14.60 crore infrastructure development proposal aimed at creating revenue-generating public assets within the cantonment.
According to an infographic released by the Board, the proposed projects will be implemented under a public infrastructure model designed to generate sustainable income while improving civic amenities. The plan will now be taken forward under the Urban Challenge Fund Scheme.
Funding Pattern
The total project cost of ₹14.60 crore has been structured through a three-way funding model:
- Government of India Grant (25%) – ₹3.65 crore
- Belagavi Cantonment Board Contribution (25%) – ₹3.65 crore
- Bank Loan/Public-Private Partnership (PPP) Funding (50%) – ₹7.30 crore
The Board has stated that the loan component will be serviced and repaid through the revenue generated from the completed projects.
Five Major Projects Proposed
The proposal includes five infrastructure projects across the cantonment area:
- Commercial Complex with Lodging Facilities – Construction of first and second floors above the existing ground floor commercial building at GLR Survey No. 299-B. (Belagavi Railway Bus Stand and the Railway Station)
Estimated Cost: ₹2.11 crore - Restaurant/Food Court Near the Lake – A new restaurant and food court at GLR Survey No. 129.
Estimated Cost: ₹1.16 crore - Food Court Near INOX Theatre – Development of a food court on Head Post Office Road near the INOX theatre.
Estimated Cost: ₹1.51 crore - Shopping and Office Complex – Construction of first and second floors above the existing ground floor shopping complex opposite the Honda showroom at GLR Survey No. 269.
Estimated Cost: ₹6.07 crore - Open Air Theatre and Multipurpose Hall – Development of an open-air theatre and multipurpose hall near the existing community hall at GLR Survey No. 129.(Dhobi Ghat Lake and its surrounding)
Estimated Cost: ₹3.75 crore
Focus on Revenue Generation
The Board says the proposed developments are intended to modernise civic infrastructure while creating long-term revenue streams for the Cantonment. The projects are expected to support commercial activity, provide new public amenities and reduce dependence on conventional sources of income.
The Cantonment Board’s communication highlights that the initiative aims to develop modern infrastructure, create new business opportunities, strengthen the Board’s financial position and move towards a more self-reliant cantonment through revenue-generating public assets.
The proposal is subject to the necessary approvals and implementation process under the Urban Challenge Fund Scheme.