The State government is set to call the tender for the Peripheral Ring Road project within a month and will set aside ₹6,500 crore for the project, Chief Minister H.D. Kumaraswamy told mediapersons on Tuesday.
“I am trying to bring the project under the budgetary allocation. Currently, we are discussing how it can be brought under the budget. This year, allocation of ₹2,000 crore has been sought for the project. Over the next three years, government will fund a total of ₹6,500 crore to the project,” he said.
He said that provision for a metro line in the median has been made. “Notification for land acquisition was made when I was the chief minister in 2006. Now the estimated cost of the project has gone up by more than four times.”
Elevated corridor could save Rs. 9,000 crore annually: CM
Regarding opposition to the proposed 102-km elevated corridor, the chief minister said that the design and project details would be placed before the public in the next 45 days for discussion on the pros and cons. The project will help save ₹9,000 crore annually in terms of reduction in fuel use, saving time for commute and pollution. “There is no shortage of funds and there is no need to avail loans for the project,” he said.
