HYDERABAD: The team from Japanese Bank for International Cooperation (JBIC), which in principle agreed to extend loan for the ORR Phase II B, inspected the Outer Ring Road works here on Friday. Of the 162 km ORR, work on the Rs. 515-crore 24 km first phase from Gachibowli to Shamshabad, awarded to two international companies by HUDA, is in full-swing.
For the 61.8 km ORR Phase II A from Shamshabad to Pedda Amberpet and Narsingi to Patancheru under BOT annuity model, HUDA invited qualification and financial proposals under international competitive bidding from interested bidders and issued a notification recently.
The Rs.1,730-crore Phase II A was split into five packages. The JBIC team had come to finalise the loan for the 70 km Phase II B from Patancheru to Shamirpet, according to ORR Project Director Piyush Kumar.