Bengaluru tunnel road project to be completed in 3 years: Karnataka Dy CM D K Shivakumar

4 days ago 6

Bengaluru passageway road Shivakumar, who is besides the Bengaluru improvement minister, said a tender for the passageway roadworthy task would beryllium floated by February. (Photo: X/ @DKShivakumar)

Even arsenic it faces absorption from a conception of Bengaluru residents, mobility experts, civic groups and BJP leaders specified arsenic P C Mohan and Tejasvi Surya, Karnataka Deputy Chief Minister D K Shivakumar said connected Tuesday that his ambitious passageway roadworthy task linking Hebbal and Silk Board Junction would beryllium completed successful 3 years.

Shivakumar, who is besides the Bengaluru improvement minister, said a tender for the passageway roadworthy task would beryllium floated by February. “I person fixed them a deadline of 3 years to implicit the project. The task volition beryllium taken up successful 2 phases. The Government and the BBMP volition merchandise funds for this project. Many fiscal institutions person travel guardant to money the project,” helium said.

Asked astir a missive by P C Mohan, a BJP MP, opposing the passageway project, Shivakumar said, “The passageway task is beneath the crushed and doesn’t request immoderate further land.”

The Bruhat Bengaluru Mahanagara Palike has completed the elaborate task study (DPR) enactment for the 16-km passageway road. It has besides precocious floated a tender inviting DPR bids for a 2nd tunnel, betwixt KR Puram and Nayandahalli.

HDFC Bank, the Housing and Urban Development Corporation and the Power Finance Corporation person shown involvement successful backing a important information of the project. This volition service arsenic viability spread backing to heighten the project’s commercialized feasibility.

The BBMP is seeking Rs 8,000 crore successful loans implicit the adjacent 5 years to enactment the project. It has said the 3 fiscal institutions person projected the Rs 8,000-crore indebtedness with an yearly involvement complaint of 9-10 per cent, offering a flexible repayment period. The civic assemblage plans to make the remaining funds done a backstage concessionaire oregon contractor.

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