The state cabinet on Wednesday approved the proposed Peripheral Ring Road project for Bengaluru and also gave its administrative approval for calling tenders for taking up the project for the construction of 71 km road. However, the cabinet has decided to allow the developer to collect toll for 50 years.
Briefing reporters after the cabinet meeting, Law and Parliamentary Affairs Minister JC Madhuswamy said that the developer will not only have to pay the land acquisition cost, which is estimated to be over Rs 5,000 crore, but also the construction of the road. Will have to do Therefore, they will be allowed to collect toll for 50 years, the minister said, adding that the width of the road will be 100 metres.
The eight-lane PRR project, which will connect Tumakuru Road to Hosur Road, was first mooted 15 years ago with the aim of decongesting Bengaluru and easing traffic. Last year, the Bangalore Development Authority (BDA) decided to opt for global tenders. It also unveiled its plan to create ancillary infrastructure.
At that time BDA chairman SR Vishwanath told Hindu That land will be made available in the middle of the road for future metro work. To facilitate roadside tech-hubs, the BDA had said it would allow construction of high-rise buildings. More than 2400 acres of land would be required for the project.