January 29, 2024: The Bangalore Development Authority (BDA) has received approval from the Karnataka government’s Pre-tender Scrutiny Committee to conduct the global tendering process for the Bangalore Peripheral Ring Road after some adjustments to the proposal, according to media reports. The tender notification for the project is expected to be issued shortly.
The cost for the 73.03-kilometre Bangalore Peripheral Ring Road, which will be renamed the Bengaluru Business Corridor, has been finalised at Rs 27,000 crore. The cost of the project proposed 18 years ago has more than doubled over the years. The project was initially proposed in 2007 for 65.5-km and was expected to cover 1,810 acre with an estimated cost of Rs 11,500 core. Currently, the project spans 73.03 in length, covering 2,569 acre and 29.5 guntas of land, extending from Tumakuru Road (NH-48) to Hosur Road (NH-44) via Dodabballapur Road, Bellary Road, Old Madras Road and Whitefield Road. As per reports, land acquisition costs could reach up to Rs 21,000 crore.
The eight-lane access-controlled expressway, designed as a public-private partnership venture under the design, build, finance, operate and transfer model, will form a half circle around the city, covering Bangalore North, Bangalore East and Anekal Taluks. The ring road route will have intermittent service roads for entry and exit points.
As cited in media reports, officials said that the concessionaire funding the project will be granted a 50-year lease for its operation and management, with toll collection and advertisement rights awarded to the contractor.
See also: Peripheral Ring Road Bangalore: Fact guide
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
