Extension of deadline for Bengaluru Tunnel Road Project

10 Aug 2023 CW Team

Coinciding with this announcement, a private company conducted an exclusive presentation on the project for Shivakumar. Aecom, a renowned international consultancy firm with experience in various tunnel road projects worldwide, including its preparation of the Detailed Project Report (DPR) for the elevated corridor network project in 2017, submitted a proposal for the tunnel network project the previous month.

The project under discussion, overseen by the Congress government, involves the conversion of a planned 99-kilometer network of elevated corridors crisscrossing the city into tunnel roads. Estimated to cost around Rs 500 billion, the government plans to execute the project through a public-private partnership (PPP) model. Shivakumar emphasised the need for the tunnel roads to accommodate at least two vehicles simultaneously, outlining discussions held to devise a comprehensive road infrastructure plan for Bangalore that would alleviate traffic congestion. Over 20,000 recommendations received for easing Bengaluru's traffic have been collated, studied, and forwarded to relevant organisations for further consideration.

However, this move has sparked criticism from civic activists and transportation experts who view it as a narrow-minded approach and a result of limited perspective, metaphorically referring to it as "tunnel vision."

Deputy Chief Minister (DyCM) and Minister for Bengaluru Development, DK Shivakumar, stated that only two companies have shown interest in the Expression of Interest (EoI) proposed by the Bruhat Bengaluru Mahanagara Palike (BBMP) for the construction of the proposed tunnel roads. In response, Shivakumar announced an extension of the deadline to encourage more participation, particularly from international firms. He mentioned that during discussions with Union Minister Nitin Gadkari, ideas like tunnel roads and flyovers were suggested to alleviate congestion. Following these discussions, the EoI was initiated. Although two companies have come forward, the deadline has been extended by two days to attract global attention. Shivakumar added that a global tender will also be initiated.Coinciding with this announcement, a private company conducted an exclusive presentation on the project for Shivakumar. Aecom, a renowned international consultancy firm with experience in various tunnel road projects worldwide, including its preparation of the Detailed Project Report (DPR) for the elevated corridor network project in 2017, submitted a proposal for the tunnel network project the previous month.The project under discussion, overseen by the Congress government, involves the conversion of a planned 99-kilometer network of elevated corridors crisscrossing the city into tunnel roads. Estimated to cost around Rs 500 billion, the government plans to execute the project through a public-private partnership (PPP) model. Shivakumar emphasised the need for the tunnel roads to accommodate at least two vehicles simultaneously, outlining discussions held to devise a comprehensive road infrastructure plan for Bangalore that would alleviate traffic congestion. Over 20,000 recommendations received for easing Bengaluru's traffic have been collated, studied, and forwarded to relevant organisations for further consideration.However, this move has sparked criticism from civic activists and transportation experts who view it as a narrow-minded approach and a result of limited perspective, metaphorically referring to it as tunnel vision.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..