Members of Parliament from all the political parties will also be part of the meeting, the state government in a release said.
It said government has also decided to go before the tribunal once again seeking some clarifications regarding its interim order.
The Chief Minister today chaired a "high level" meeting that was attended by Home Minister G Parameshwara, Water Resources Minister M B Patil, Chief Secretary Arvind Jadhav and other senior officials.
The tribunal, which gave its interim order last week after hearing arguments from both Karnataka and Goa, had rejected state's plea citing various grounds including ecological damage that the project may cause.
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The Kalasa-Banduri Nala (diversion) project, which will utilise 7.56 tmcft from the inter-state Mahadayi river, is being undertaken by Karnataka to improve drinking water supply to the twin cities of Hubballi-Dharwad and the districts of Belagavi and Gadag.
Normal life was affected as a state wide bandh was observed on July 30 in protest against the interim order.