K-taka Govt Explores Land Sale to Finance B-luru Peripheral Road
ROADS & HIGHWAYS

K-taka Govt Explores Land Sale to Finance B-luru Peripheral Road

The Bengaluru Peripheral Ring Road is a significant project aimed at enhancing connectivity around the city and addressing traffic challenges. The government's consideration of land sale as a financing option reflects a commitment to finding innovative and sustainable funding solutions for key infrastructure initiatives.

The proposed funding strategy indicates a proactive stance by the Karnataka government in overcoming financial hurdles associated with large-scale infrastructure projects. By leveraging land assets, the government aims to secure the necessary funds for the successful implementation of the BPRR project, which is anticipated to have a transformative impact on the region's transportation network.

As urban centres like Bengaluru continue to grow and face increasing mobility demands, investments in infrastructure become imperative. The Karnataka government's exploration of alternative financing avenues underscores its dedication to advancing critical projects that contribute to the city's sustainable development and overall progress.

The Bengaluru Peripheral Ring Road is a significant project aimed at enhancing connectivity around the city and addressing traffic challenges. The government's consideration of land sale as a financing option reflects a commitment to finding innovative and sustainable funding solutions for key infrastructure initiatives. The proposed funding strategy indicates a proactive stance by the Karnataka government in overcoming financial hurdles associated with large-scale infrastructure projects. By leveraging land assets, the government aims to secure the necessary funds for the successful implementation of the BPRR project, which is anticipated to have a transformative impact on the region's transportation network. As urban centres like Bengaluru continue to grow and face increasing mobility demands, investments in infrastructure become imperative. The Karnataka government's exploration of alternative financing avenues underscores its dedication to advancing critical projects that contribute to the city's sustainable development and overall progress.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?