The city of Bangalore, which is located in the southern state of India, Karnataka, is proposing to use the PPP procurement mode for the development of a metro ring project, undergorund the Peripheral Ring Road (PRR) and the NICE Road. Bangalore Metro Rail Corporation Limited (BMRCL) is leading the initiative.
The urban development ministry of India has told BMRCL to consider Hybrid- annuity model for the construction of the proposed project and to prepare a pre-feasibility report for the project. After the success of Hyderabad metro on PPP concession, the ministry is considering PPP concession in metro rail projects around India to reduce the burden of foreign loan.
A part of the first Metro ring will be completed under Phase 2A between KR Puram and Silk Board junction. Tenders for the construction of the elevated stretch are under consideration.
Country updates
-
-
December 13, 2018
New Delhi approves Noida Jewar airport PPP proposal
India’s central government has approved the public-private partnership (PPP) concession agreement for the greenfield Noida Jewar airport in Uttar Pradesh. A government order has been forw...
Read more -
December 11, 2018
Government of Thiruvananthapuram rejects Trivandrum International Airport concession proposal
The state company in Kerala State in India, Thiruvananthapuram Corporation, has passed a resolution rejecting the proposed privatization of Trivandrum International Airport (TIA). TIA i...
Read more -
December 10, 2018
ICD halts $1bn Africa fund with IL&FS
Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) halted plans for US$ 1 Billion fund with Infrastructure Leasing and Financial Services Group (IL&FS) Energ...
Read more -
December 10, 2018
Surbana Jurong and Mitsubishi Corporation to set up fund management company
Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong and Mitsubishi Corporation signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50...
Read more -
December 05, 2018
India prepares for privatization of six airports
The government of India has decided to tender PPP concessions for six airports located around the country: Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. The Airport Authorit...
Read more
