| Work Detail |
The state Cabinet of Karnataka has approved the Peripheral Ring Road project in Bengaluru, India. The project will be a 73.5 km eight-lane road connecting Tumakuru Road with Hosur Road via Hessaraghatta Road, Doddaballapur Road, Ballari Road, Hennur Road, Old Madras Road, Hoskote Road and Sarjapur Road.
The road will be developed on a design, build, finance, operate and transfer (DBFOT) PPP model. The estimated cost of the project is INR210 billion (USD2.79 billion), from which 65 % is for the acquisition of 2,500 acres (1,010 hectares) of land.
The project was stuck in the pipeline for over a decade. The state government will soon issue global tenders to ensure its implementation. The concessionaire will be responsible for the construction of the project and would be allowed to collect toll for 50 years. |
