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Official way representation for the Peripheral Ring Road from BDA’s tender documents. (Photo: hemetrorailguy.com)
After aggregate delays, Bengaluru’s much-anticipated Peripheral Ring Road task is connected the cusp of being realised arsenic the Karnataka authorities has sought loans from nationalist assemblage undertakings (PSU).
The 73-km roadworthy astir the city, renamed Bengaluru Business Corridor successful January, is expected to outgo Rs 27,000 crore, which includes operation and onshore acquisition costs.
L K Atheeq, Additional Chief Secretary (Finance), told The Indian Express that the Government has approached the Housing and Urban Development Corporation, Rural Energy Corporation, and the Power Finance Corporation for loans to money the project. “Whoever offers amended involvement rates, we volition spell with them,” helium said.
Atheeq—who heads Bengaluru Business Corridor Ltd, a peculiar intent conveyance formed for the project’s implementation—held a gathering connected the contented connected Monday. In a station connected X connected Tuesday, helium wrote that the Government expects to interval tenders for the eight-lane road, a work line, and a metro obstruction way wrong the adjacent six months.
“We person kick-started the finalisation of awards to wage the landowners for the 2,400 acres required for the 73-km PRR,” helium said, adding that the peculiar intent conveyance discussed plan and interchanges with Bengaluru Metro, the National Highway Authority of India, and different agencies.
Proposed successful 2006, the task has faced aggregate delays owed to disputes implicit compensation for the acquired land. A tender floated successful July 2022 recovered nary bidders for it.
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