Approval for USD2.79 billion Ring road PPP project in India
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.
Country news
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December 09, 2021
Tender issued for USD160 million water supply PPP project in India
Jharkhand Urban Infrastructure Development Co in India and Asian Development Bank (ADB) have launched a tender seeking strategic consultant for water supply infrastructure in towns of Ranchi, Hussainabad, Jhumri Telaiya, and Medininagar.
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October 04, 2021
AIIB to invest USD356.67 mn in metro PPP project in India
The Asian Infrastructure Investment Bank (AIIB) has approved a USD356.67 million loan to the Government of India for the expansion of the Chennai metro rail system.
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August 09, 2021
Tenders issued for multimillion eco-tourism PPP projects in India
The UT Administration of Lakshadweep has published the Requests for Qualification (RFQs) cum Requests for Proposal (RFPs) for the development of three eco-tourism PPP projects in India.
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July 22, 2021
Tender issued for USD3.94 billion broadband PPP project in India
Bharat Broadband Network Limited in India has launched a request for proposal (RFP) seeking a private partner to develop a broadband PPP project named BharatNet.
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May 12, 2021
Finance contract signed for US$1.55 billion Metro project in India
The Government of India (GoI) and European Investment Bank (EIB) signed the finance contract for the second tranche of EUR 150 million (US$ 182.31 million) for the Pune Metro Rail project.
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