CM is said to have okayed BDA proposal on behalf of company called MAZ
An Israel-headquartered firm has evinced interest to both fund and build the 65-km peripheral ring road (PRR) under public private partnership, it’s learnt. The long pending project, estimated to cost Rs 21,091 crore, has also met stiff resistance from citizens after Bangalore Development Authority (BDA) announced that about 33,000 trees will be axed to build the 8-lane corridor.
“One company from Israel has come forward to build the project under the PPP model. They have agreed to provide compensation to land owners and build the road on their own. We do not have to depend on external agencies to fund the project,” SR Vishwanath, Chairman of BDA, said. He said the PRR will be much wider than the Outer Ring Road with adequate space for cyclists, pedestrians as well as an exclusive corridor to plant trees.
It’s learnt that Chief Minister BS Yediyurappa, while reviewing various programmes of the BDA on Monday, okayed the proposal put forth by the BDA officials on behalf of the Israeli firm called MAZ. The company will get the rights to collect toll in return. It’s not known which stage the talks with the Israel firm are at.
The authority plans to float tenders for the construction of the PRR in a couple of months. BDA commissioner HR Mahadev did not respond to calls and queries.
CM reviewed BDA projects on Monday
Sites to be allotted to farmers
About 40 per cent of the Arkavathi layout, which the BDA plans to create, will be given back to farmers, whose land has been acquired for the project, in the form of sites. It’s also learnt that the Chief Minister has agreed to provide alternative sites to the farmers who gave up their land for building Nada Prabhu Kempegowda layout.
At least 24 assistant engineers, who are currently posted in BDA, might get a transfer order as Chief Minister also directed senior officials to transfer back the excess staff back to their parent departments.