BDA To Start Work On Peripheral Ring Road
In a major push to Bengaluru's most ambitious road project, Bengaluru Development Authority has started working on an action plan for survey and drafting the tender documents for allocating the work for ring road connecting peripheral areas of the city. BDA has also decided to follow the Comprehensive Development Plan- 2031, to ensure that the construction of the Peripheral Ring Road and the infra development along the corridor are realised at quicker pace. That means, the residential and commercial development along the road will be done in accordance to the upcoming master plan which is yet to be approved.
Earlier in November, state cabinet has cleared the proposal to build 65-km long Peripheral Ring Road and have sanctioned Rs 4,500 crore for compensation for land acquisition. The estimated cost of building the road has been pegged at Rs 17,000 crore.
It was in October when Bengaluru Development Authority had floated tender to hire consultant for preparing a feasibility report and a detailed project report. The project has been delayed for years as BDA and National Highway Authority of India (NHAI) were at loggerhead for building the project.
MakaaniQ tracks the developments on the Bengaluru Peripheral Ring Road (PRR):
Quick facts about Bengaluru PRR
- Conceptualised in 2005, the Peripheral Ring Road is a 65 kilometres long corridor encircling the city with the objective of removing traffic woes in the existing Outer Ring Road (ORR) and vital destinations viz. Whitefield and Tumakuru Road.
- Planned concentrically to the ORR, the peripheral road will link major highways like Tumakuru Road to Hosur Road via Ballari Road, Old Madras Road and Sarjapur Road. Around 65 kilometres will be developed in the first phase from Tumakuru Road to Hosur Road.
- The BDA plans to develop the Peripheral Ring Road (PRR) as an elevated corridor which will not only provide unhindered transit with 20 lanes but also reduce project cost by about 40 per cent.
- The authority, along with the Karnataka Urban Infrastructure Development Finance Corporation (KUIDFC), has established a Special Purpose Vehicle (SPV) headed by the Chief Secretary for expediting the project, while it is also considering fund mobilisation plans and selection of a project management consultant.
- The corridor will have three toll-free lanes on either side of the road, which runs to a width of 75 metres.
- The BDA will be providing double Floor Area Ration (FAR) to property developers for distance of 1.5 kilometre on either side of the road. In addition, a betterment tax will be levied on properties situated within 1 kilometre’s distance on either side with an estimated collection of Rs 9,918 crore.
- Expected to be complete in three years’ time, the project will be integrated with a Metro corridor and dedicated bus lanes.
- The cause for delay: The National Highway Authority of India (NHAI) had prepared a detailed project report but the project was stalled for many years owing to reasons like lack of funds with BDA, litigation and issues relating farmers’ land acquisition.
The need for the Peripheral Ring Road
Bengaluru is one of the fastest growing cities in Asia and its present infrastructure including the network of arterial roads is burdened with the ever-increasing vehicular traffic. The BDA has estimated that the traffic on the national highways in and around the city mounts by 10 to 12 per cent on an average, while on the state highways it grows from 12 to 15 per cent. The ORR in particular has borne the brunt of the rising intra-city vehicular movement. Thus, the PRR will prove to be a boon for the metropolis by reducing congestion. The new corridor will also provide smooth connectivity to major highways connecting to Tamil Nadu and Kerala namely the Kanakapura Road and the Mysuru Road. Nestled along the Bengaluru-Chennai Industrial Corridor, the real estate impact will also be seen once the project starts to take shape with a likely increase in investment opportunities. Once the project is initiated, it will take over three years or about 40 months for completion.
Funding and land acquisition
The total cost of the project is pegged at around Rs 17,000 crore for which various business models are being considered like the Hybrid Annuity based PPP model wherein the developers bear 60 per cent of the total cost and the rest by the centre. Besides, 50 per cent funding from the centre, the project will receive a sum of Rs 3,850 crore from the JICA (Japan International Cooperation Agency) as part of its 'Make in India' fund.
The BDA is in the process of acquiring land with an area of over 1,900 acres for phase 1 covering 51 villages, for which funds worth Rs 8,000 crore is required. The stretch in the Phase 1 has a total width of 100 meters entailing main carriageway of 75 meters, six toll-free lines, a 12-meter width median and 25 meters for amenities and commercial developments.
With inputs from Housing News