Setback for Bangalore Peripheral Ring Road
ROADS & HIGHWAYS

Setback for Bangalore Peripheral Ring Road

The proposed Bangalore Peripheral Ring Road (PRR), a 74-kilometer circular highway designed to ease traffic congestion, has encountered another setback as the third tender for its construction failed to attract any qualified bids, according to the Bangalore Development Authority (BDA). Initially floated in January with an estimated cost of Rs 27,000 crore, this marks the third unsuccessful attempt to secure a bidder, following two previous tenders last year.

The PRR aims to improve connectivity by encircling the city and includes plans for eight lanes, six service lanes, 16 flyovers, and connectivity through 10 major junctions and over 100 minor intersections. Key locations like Hesarghatta Road and Whitefield Road are among the critical areas set for development.

Despite the project's significance, challenges have emerged. A Kenya-based company participated in the third tender but did not qualify in the technical bidding, lacking the requisite experience for the project. Additionally, land acquisition costs have tripled, contributing to significant delays.

Originally estimated at Rs 14,000 crore, the project's cost has ballooned to Rs 27,000 crore due to increased land acquisition demands in accordance with the 2013 Land Acquisition Act. The successful bidder is expected to arrange all capital for the project and recover investments through tolls over 50 years.

With no successful bids yet, BDA is exploring alternative funding strategies, including raising a Rs 15,000 crore loan and seeking additional government support. They are also considering transferring the project to the National Highways Authority of India (NHAI).

The PRR is poised to feature extensive infrastructure, including 16 flyovers, 10 overpasses, and bridges over seven water bodies. Designed as a greenfield expressway, the project also incorporates green spaces, footpaths, and provisions for future metro integration.

As BDA deliberates its next steps, the fate of the PRR project remains uncertain, emphasizing the need for critical decisions to address Bangalore's growing traffic challenges.

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 proposed Bangalore Peripheral Ring Road (PRR), a 74-kilometer circular highway designed to ease traffic congestion, has encountered another setback as the third tender for its construction failed to attract any qualified bids, according to the Bangalore Development Authority (BDA). Initially floated in January with an estimated cost of Rs 27,000 crore, this marks the third unsuccessful attempt to secure a bidder, following two previous tenders last year. The PRR aims to improve connectivity by encircling the city and includes plans for eight lanes, six service lanes, 16 flyovers, and connectivity through 10 major junctions and over 100 minor intersections. Key locations like Hesarghatta Road and Whitefield Road are among the critical areas set for development. Despite the project's significance, challenges have emerged. A Kenya-based company participated in the third tender but did not qualify in the technical bidding, lacking the requisite experience for the project. Additionally, land acquisition costs have tripled, contributing to significant delays. Originally estimated at Rs 14,000 crore, the project's cost has ballooned to Rs 27,000 crore due to increased land acquisition demands in accordance with the 2013 Land Acquisition Act. The successful bidder is expected to arrange all capital for the project and recover investments through tolls over 50 years. With no successful bids yet, BDA is exploring alternative funding strategies, including raising a Rs 15,000 crore loan and seeking additional government support. They are also considering transferring the project to the National Highways Authority of India (NHAI). The PRR is poised to feature extensive infrastructure, including 16 flyovers, 10 overpasses, and bridges over seven water bodies. Designed as a greenfield expressway, the project also incorporates green spaces, footpaths, and provisions for future metro integration. As BDA deliberates its next steps, the fate of the PRR project remains uncertain, emphasizing the need for critical decisions to address Bangalore's growing traffic challenges.

Next Story
Building Material

Ambuja to join alliance for Industry Decarbonisation

Adani Group's Ambuja Cements announced that it had joined the Alliance for Industry Decarbonisation (AFID), a global collective aimed at accelerating the Net Zero transition in line with the Paris Agreement. According to the statement, Ambuja is the first cement manufacturer globally to join AFID, a platform for exchanging insights and experiences among stakeholders in energy-intensive industries. The company revealed its goal of achieving Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). Ambuja has also committed to investing Rs 100 billion in renewable ..

Next Story
Infrastructure Urban

Maharashtra revises stamp duty rates

A cash-strapped Mahayuti government – burdened with spiralling loans, budgetary provisions for populist schemes such as Ladki Bahin, Ladka Bhau and all – has decided to revise stamp duty rates, a move likely to add Rs 20 billion to its kitty. The decision will change stamp duty structure ranging from a small sum such as Rs 100 – which until now, was applicable for the registration of documents – to an unspecified amount, depending on the value of the amount involved in awarding work contracts, amalgamation, restructuring, division and mergers. The state cabinet decision, taken on Monda..

Next Story
Real Estate

MHADA sends 1,200 notices to developers

The Maharashtra Housing and Area Development Authority (MHADA) has issued approximately 1,200 notices to various developers and housing societies in Mumbai as part of its initiative to take control of stalled redevelopment projects on their properties. This move follows an amendment to the Maharashtra Housing and Area Development Act of 1976, which granted MHADA the authority to independently oversee redevelopment on its plots when developers and residents fail to propose any plans for residential building redevelopment, regardless of the reasons for the failure, such as disputes or ongoing li..

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