Delayed peripheral ring road may get Central-funding boost
State will submit proposal to Niti Aayog for financial aid: George
Mahendra Jain, additional chief secretary, Urban Development department, told DH that the Union government has indicated that it would help the Bengaluru Development Authority (BDA) in funding the land acquisition process for early completion of the project.
On Monday, Bengaluru Development Minister K J George said the state government will submit a proposal to Niti Aayog, seeking financial assistance to acquire land for the project. He was speaking at a meeting chaired by Union Minister for Statistics and Programme Implementation D V Sadananda Gowda to review the Centre-assisted infrastructure projects. An estimated Rs 8,100 crore is required for acquiring about 1,890 acres. “It is an important project that links five national highways. But the government cannot afford to acquire land at such a huge cost,” George said.
Japan International Co-operation Agency has agreed in principle to fund the project, excluding the cost of land acquisition. The total cost of the project is estimated to be Rs 11,955 crore, he said, requesting Sadananda Gowda to impress upon the Centre to provide assistance to implement the project. Gowda promised to take it up with the minister concerned.
The BDA has been planning to construct the 65-km-long PRR from Tumakuru Road to Hosur Road for more than 12 years. The authority plans to connect the semi-circle to the existing one built by Nandi Infrastructure Corridor Enterprise (NICE) connecting Tumakuru Road and Hosur Road via Magadi Road, Mysuru Road and Kanakapura Road.
In September, 2016, the BDA released a new innovative method to mobilise resources. It had also held a meeting with farmers, explaining the new proposal of creating commercial zones around the PRR to raise money for the project. The BDA had proposed to create a 100-metre wide commercial zone along the PRR with service roads of 30 metres.
“Our assessment has shown that most of the areas seen development, including ones near the ring roads. Hence, land acquisition will now be a challenge. Under the new master plan, thrust is on improving infrastructure, in which PRR is one of the top priorities along with the Metro and wide roads. We are also hoping that the new TDR scheme will help in land acquisition,” a senior BDA official said.