Mangaluru, Nov 05, 2014: Mangalore south MLA J R Lobo said that his visit to Gulf countries have been successful and state government should take initiatives to pave the way for foreign investments.

Addressing media persons during the conference at his office, here on Wednesday November 5, MLA Lobo said that during his visit, the overseas investors have come forward to invest in the Mangalore International Airport under private-public partnership. He stressed that since there are no significant funds with the government to invest on the expansion of the airport which is a Rs 1,100 crore project, the state government should take an initiative for the foreign investment in the airport, urged MLA Lobo.

MLA Lobo also said that municipal administration will work towards the development of the basic infrastructure in the city as it will attract more funds and move investments in the future.

MLA Lobo further said that to protect the banks of Netravati River in city limits, a project worth Rs 150 crore has been prepared Flood Management project and this is the joint venture of both union and state governments with 50-50 share.

Congress leaders T K Sudhir and others were present on the occasion.

Courtesy : Bellevision