Bengaluru floats tender for 74 km peripheral ring road

26 Jul 2022 CW Team

The Bangalore Development Authority (BDA) has floated a fresh tender for constructing the 74km Peripheral Ring Road (PRR).

On March 31, the authority invited tender bids for the PRR connecting Tumakuru Road and Hosur Road under a public-private partnership model. But before the pre-bidding meeting, BDA officials scrapped the tender invite citing technical glitches. Now for the second time, the tender has been floated, without altering the terms and conditions.

Eight companies, including from Israel and Europe, had participated in the first tender but none had clarity on the project and estimations. After the pre-bidding, they were in a dilemma about compensation and cost estimates.

The project will be based on a design, build, finance, operate and transfer model. Issues regarding land acquisition and revenue-sharing modules with private partners are yet to be decided.

According to BDA, 2,560 acres have to be acquired for the project. Farmers are demanding relief as per the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. This will be a huge burden for the companies.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Infrastructure Transport

26 Jun 2026

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Infrastructure Urban

26 Jun 2026

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..