Poor response from global players; BBMP extends deadline for bids
April 30 is the revised deadline for submitting global bids The ring road will have several ramps and vehicle subways
BANGALORE: Your wait to zip past in the proposed 30-km traffic signal-free Inner Core Ring Road could be longer as the Bruhat Bangalore Mahanagara Palike (BBMP) is hoping that more global bidders will come forward to execute the project.
The last date for submitting the "expression of interest" for the project was extended twice as only a single company from Singapore has applied so far. With not many global takers for the project, the civic body has extended the deadline to April 30.
This means work on the project will take six more months to start and three years to be completed.
BBMP has planned the two-way, four-lane, elevated Inner Core Ring Road to connect 50 important junctions of the city. This will enable motorists to cruise along the road in 30 minutes. One can reach the Rajajinagar Entrance from Makkala Koota (Shivashankar Circle) in less than 10 minutes.
The road will connect important locations of the central business district such as the Yeshwanthpur and the Karnataka Bhavan junctions, the Shivshankar Circle (near Makkala Koota) and the Gurdwara, the Jayamahal Road and the Audugodi Road junctions.
To be executed on a design-build-operate and transfer (DBOT) basis, the facility will have several ramps leading to interior areas, mini flyovers and vehicle subways. This will enable motorists to get on or off the road.
BBMP Chief Engineer (Projects) A.K. Gopalswamy told The Hindu on Tuesday that the project had been planned to ease congestion in the city.
"Although we had a March 30 deadline for bidders, we have to extend it because we want more enterprising companies to participate," he said.
A few Indian companies and only one Singapore firm had shown interest so far. "We are hoping more will come forward. After we finalise the contractor, a feasibility survey on the number of traffic ramps and related facilities will be conducted."
He said the company could collect toll on the road for a fixed number of years after which it would be transferred to the BBMP.
The cost of the project was estimated at Rs. 1,440 crore, he added.