BDA Considers Loan for Land Acquisition for Peripheral Ring Road
ROADS & HIGHWAYS

BDA Considers Loan for Land Acquisition for Peripheral Ring Road

The Bengaluru Development Authority (BDA) is contemplating securing a loan to fund the acquisition of land for the Peripheral Ring Road (PRR) project. This strategic move aims to expedite the development of the PRR, a major infrastructure initiative designed to alleviate traffic congestion and improve connectivity in Bengaluru.

The BDA's decision to consider a loan comes as a response to the need for substantial financial resources required for acquiring land along the PRR route. The loan will facilitate the acquisition process and ensure that the project progresses according to schedule.

The PRR is expected to significantly enhance the city?s transportation network, providing a crucial link between various parts of Bengaluru and easing traffic flow. By investing in this infrastructure, the BDA aims to support the city's growth and address its increasing mobility challenges.

The loan consideration reflects the BDA's commitment to advancing key urban projects and improving the quality of transportation in Bengaluru. The successful implementation of the PRR will contribute to the city's overall development and better serve its residents.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The Bengaluru Development Authority (BDA) is contemplating securing a loan to fund the acquisition of land for the Peripheral Ring Road (PRR) project. This strategic move aims to expedite the development of the PRR, a major infrastructure initiative designed to alleviate traffic congestion and improve connectivity in Bengaluru. The BDA's decision to consider a loan comes as a response to the need for substantial financial resources required for acquiring land along the PRR route. The loan will facilitate the acquisition process and ensure that the project progresses according to schedule. The PRR is expected to significantly enhance the city?s transportation network, providing a crucial link between various parts of Bengaluru and easing traffic flow. By investing in this infrastructure, the BDA aims to support the city's growth and address its increasing mobility challenges. The loan consideration reflects the BDA's commitment to advancing key urban projects and improving the quality of transportation in Bengaluru. The successful implementation of the PRR will contribute to the city's overall development and better serve its residents.

Next Story
Infrastructure Energy

Gujarat Powers Ahead with Solar Energy

Gujarat is emerging as a leader in India’s solar energy sector, with an installed capacity of 14.7 GW, making it the second-highest solar capacity state in the country. The state's total renewable energy capacity stands at 27.8 GW, and ambitious plans aim to add 31.9 GW of solar-wind hybrid projects. These details were shared by Arun Mahesh Babu, Managing Director of Uttar Gujarat Vij Company Limited (UGVCL) and Gujarat Power Corporation Limited (GPCL). Babu highlighted Gujarat’s solar and wind energy projects, which are instrumental in helping India meet its national target of 500 GW of ..

Next Story
Infrastructure Energy

UK Shuts Last Coal Plant as India Maintains Coal in Energy Mix

As the UK officially closed its last coal power plant signaling its exit from coal-based energy, policy experts in India emphasized that coal will remain part of India's energy mix for the foreseeable future. While developed nations like the UK are moving towards coal-free energy systems by 2040, India faces unique challenges as a developing country with substantial energy demands. The UK's closure of its last coal plant marks a significant moment in energy history, as the country had been one of the pioneers of coal power since 1882. According to global energy think tank Ember, more than a th..

Next Story
Infrastructure Urban

NCLAT Clears Supertech to Resume Work on Doon Square in Dehradun

The National Company Law Appellate Tribunal (NCLAT) has granted approval for Supertech to resume construction of its Doon Square project in Dehradun. This decision follows the submission by Supertech that the lender, co-developer, and homebuyers had all accepted its proposal to complete the stalled project. The approval paves the way for the project’s completion within 515 days, or just over one year and four months. Out of the 750 planned units, only 150 studio apartments have been delivered, with the remaining awaiting completion. Supertech’s proposal, submitted to NCLAT, was accepted by..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000