The Bangalore Development Authority (BDA) on January 30 invited a global tender on January 30 to execute the long-pending 74-km Peripheral Ring Road (PRR) project, recently named the Bengaluru Business Corridor.
According to the tender document, the development of an 8-lane Peripheral Ring Road with service roads will be implemented through the PPP mode on a revenue-sharing basis for a lease period of 50 years
The project which will be implemented on a Design, Build, Finance, Operation, and Transfer (DBFOTA) basis includes the operation and maintenance of the road, cloverleaf junctions, flyovers, underpasses, road overbridges/underbridges, toll plazas, transit zones, culverts, minor and major bridges, etc.
Bengaluru's Peripheral Ring Road to be renamed, global tender next week: DK Shivakumar
Around 2,560 acres of land will be acquired and the land acquisition alone will be around Rs 21,000 crore. The 74-km road spans 100 meters and will include 232 acres of government land and the remaining private properties.
The access-controlled expressway links Tumakuru Road and Hosur Road via Hesaraghatta Road, Doddaballapur Road, Ballari Road, Hennur Road, Old Madras Road, Hoskote Road and Sarjapur Road.
The PRR, proposed in 2007 to ease traffic congestion in the city's outskirts, has seen the initial cost escalate from Rs 3,000 crore to Rs 21,091 crore and now to around Rs 27,000 crore due to delays in land acquisition issues and subsequent litigations. Despite two tender attempts in 2022, no bidders participated.
According to the BDA, compensating the farmers and affected landowners is a major issue. The new tender is likely to be opened on March 2, 2024.
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