Bids for widening Bengaluru-Mysuru highway to be invited this fiscal

Total of 2,220 acres has to be acquired for the project, says NHAI

Bids for widening Bengaluru-Mysuru highway to be invited this fiscal

The Ministry of Road Transport will take up the widening of the Bengaluru-Mysuru road from existing four-lane to six-lane in the current fiscal itself.

The National Highways Authority of India ( NHAI) will invite bids for project before the end of this fiscal to widen the existing four-lane highway into a six-lane one, besides constructing a service road along the entire stretch and bypasses and flyovers at key towns, said an official from the Ministry of Road Transport here.

This project will be developed under Hybrid Annuity Mode (HAM). As per the HAM, the NHAI will release 40% of the total project cost. It is given in five tranches linked to milestones. The balance 60% is arranged by the developer. In the HAM, the developer usually invests not more than 20-25% of the project cost (as against 40% or more before), while the remaining is raised as debt from financial institution. The Ministry of Road Transport, a few months ago started awarding the road projects under HAM mode to ensure early completion of the project.

Though the NHAI on December 6, 2016 invited tenders for taking up work on widening this stretch of highway under Design, Build, Finance, Operate and Transfer basis, the government cancelled it by saying that fresh bid will be invited under HAM model.

As per the plan, Bengaluru-Mysuru highway development work includes construction of a 10-lane road, including the main carriageway of six lanes, which will be tolled, and a service road with two lanes on either side of the highway without toll.

In addition, flyovers will be constructed at Bidadi and Srirangapatna, besides bypasses at Ramanagaram, Channapanta and Mandya. According to the NHAI assessment, a total of 2,220 acres had to be acquired for the project. The total cost of the project will be revealed during the bidding, said an official in the NHAI.

 

 

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