+
BBMP Seeks Loan for Twin Tunnel Road Project Funding
ROADS & HIGHWAYS

BBMP Seeks Loan for Twin Tunnel Road Project Funding

The Bruhat Bengaluru Mahanagara Palike (BBMP) is seeking funding from financial institutions to finance the construction of a twin tunnel road that will be located 120 feet below ground level. The first phase of the project involves building a north-south corridor tunnel road, extending from Esteem Mall Junction in Hebbal to KSRP Junction at Silk Board, under a public-private partnership (PPP) model. The costs will be shared in a 60:40 ratio between the private contractor and BBMP.

To raise the necessary funds for its share of the capital costs, BBMP has invited tenders to secure loans with lower interest rates. Several financial institutions, including nationalised banks and private agencies, have shown interest in funding the project. The bids will be opened on January 8, and BBMP is expected to choose the lender offering the most competitive interest rate. The total project cost is estimated at Rs 149.81 billion, with BBMP needing to arrange Rs 80 billion. The remaining amount will be contributed by the private contractor.

The twin tunnel road project will be carried out under the Build, Operate, Transfer (BOT) model. The selected contractor will be allowed to collect toll fees for 20 years before transferring the infrastructure to BBMP. Based on the project estimates, toll charges are expected to range from Rs 18 to Rs 24 per kilometre. The plan also includes Rs 8 billion for land acquisition to build entry and exit ramps at various locations.

The 16.67 km-long twin tunnel will have three lanes in each tunnel, each 10.5 metres wide. Two lanes will be designated for ambulances, BMTC buses, and police vehicles. Originally, the cost per kilometre was estimated at Rs 5 billion, but the Detailed Project Report (DPR) revised the cost to Rs 8.98 billion per kilometre.

Currently, it takes approximately 90 minutes to travel the 16 km distance from Silk Board to Hebbal due to heavy traffic, with an average speed of 10–15 km/h. Once the tunnel road is operational, the same distance will be covered in just 20 minutes. The north-south corridor will include key entry and exit points, such as Esteem Mall in Hebbal, KSRP Junction at Silk Board, Mehkri Circle near Palace Grounds, Race Course Road, and Ashoka Pillar near Lalbagh. The tunnel will be constructed 120 feet underground, beneath the existing Namma Metro tunnels, to minimize disruption to surface infrastructure during construction.

BBMP plans to invite global tenders for the project by the end of the month. Upon completion, the infrastructure is expected to significantly improve Bengaluru's traffic dynamics by providing a faster and more efficient commuting option. BS Prahlad, the Chief Engineer at BBMP, expressed confidence in completing the project within the scheduled timeline, emphasizing that the twin tunnel road would play a crucial role in addressing the city’s traffic congestion.

The Bruhat Bengaluru Mahanagara Palike (BBMP) is seeking funding from financial institutions to finance the construction of a twin tunnel road that will be located 120 feet below ground level. The first phase of the project involves building a north-south corridor tunnel road, extending from Esteem Mall Junction in Hebbal to KSRP Junction at Silk Board, under a public-private partnership (PPP) model. The costs will be shared in a 60:40 ratio between the private contractor and BBMP. To raise the necessary funds for its share of the capital costs, BBMP has invited tenders to secure loans with lower interest rates. Several financial institutions, including nationalised banks and private agencies, have shown interest in funding the project. The bids will be opened on January 8, and BBMP is expected to choose the lender offering the most competitive interest rate. The total project cost is estimated at Rs 149.81 billion, with BBMP needing to arrange Rs 80 billion. The remaining amount will be contributed by the private contractor. The twin tunnel road project will be carried out under the Build, Operate, Transfer (BOT) model. The selected contractor will be allowed to collect toll fees for 20 years before transferring the infrastructure to BBMP. Based on the project estimates, toll charges are expected to range from Rs 18 to Rs 24 per kilometre. The plan also includes Rs 8 billion for land acquisition to build entry and exit ramps at various locations. The 16.67 km-long twin tunnel will have three lanes in each tunnel, each 10.5 metres wide. Two lanes will be designated for ambulances, BMTC buses, and police vehicles. Originally, the cost per kilometre was estimated at Rs 5 billion, but the Detailed Project Report (DPR) revised the cost to Rs 8.98 billion per kilometre. Currently, it takes approximately 90 minutes to travel the 16 km distance from Silk Board to Hebbal due to heavy traffic, with an average speed of 10–15 km/h. Once the tunnel road is operational, the same distance will be covered in just 20 minutes. The north-south corridor will include key entry and exit points, such as Esteem Mall in Hebbal, KSRP Junction at Silk Board, Mehkri Circle near Palace Grounds, Race Course Road, and Ashoka Pillar near Lalbagh. The tunnel will be constructed 120 feet underground, beneath the existing Namma Metro tunnels, to minimize disruption to surface infrastructure during construction. BBMP plans to invite global tenders for the project by the end of the month. Upon completion, the infrastructure is expected to significantly improve Bengaluru's traffic dynamics by providing a faster and more efficient commuting option. BS Prahlad, the Chief Engineer at BBMP, expressed confidence in completing the project within the scheduled timeline, emphasizing that the twin tunnel road would play a crucial role in addressing the city’s traffic congestion.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?