India Crypto Exchange

Best Bitcoin Trading Platform

Centre may split work to speed up Bengaluru-Mysuru Expressway Project

Centre may split work to speed up Bengaluru-Mysuru Expressway Project

BENGALURU: The Ministry of Road Transport & Highways is expected to split the 10-lane Bengaluru-Mysuru Expressway project into two packages so that the National Highways Authority of India (NHAI) can build it early .

The ministry is keen to start building the expressway from both north and south end of the 118km stretch simultaneously .

The NHAI is tasked with developing the expressway, and has already submitted the outlines of the project to the ministry . “The land acquisition is almost completed, and the award of compensation to fa rmers is in progress,“ said a senior official.“We will complete the bidding process before March,“ he added.

The NHAI has estimated the land requirement for the project at 1232 acres across seven taluks.

The work will start a few months after the contract is awarded. The project will take about 30 months for completion. The expressway will cut down time of travel between the two cities to 90 minutes. The project was conceived about 18 months ago, and the state handed it over to the Centre about four months ago. “In four months, the project has had some progress and reached this level. The railway approvals are in place and other approvals are on their way ,“ the official added.

The NHAI has assigned top priority to the project in view of the rising vehicular traffic between the two important cities in Karna taka. In Karnataka too, the project has acquired importance as both chief minister Siddaramaiah and public works minister HC Mahade vappa hail from Mysuru district, and are keen to see its early com missioning.

The public-private-partnership (PPP) Appraisal Committee at the government of India will take a fi nal call on what model they need to follow in respect of this project –BOT, Hybrid, annuity etc.

The NHAI has estimated the construction cost at Rs 3695 crore, and land acquisition costs at Rs 2,400 crore. The NHAI will give land losers two times of market value in urban areas and four times in rural areas. The Deputy Commissioners of the respective districts will decide which is urban and which is rural.

The expressway will cover a distance of 118 km between Panchamukhi temple after NICE road in Bengaluru and Columbia Asia hospital junction in Mysuru.

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments