PRR – BANGALORE – A REALITY SOON


The Peripheral Ring Road, (PRR)65-km eight-lane road project, aimed at decongesting vehicular traffic in the city, was conceived in 2006. The whopping Rs 8,100 crore that needed to be paid to farmers as compensation for the acquisition of 1,910 acres of land needed for the project caused it to come to a standstill due to the paucity of funds with the BDA. Japan International Cooperation Agency has agreed to fund Rs  3,850 crore of the project cost.

 

Meanwhile, the SPV is also looking at generating nearly Rs 9,918 crore by the levy of betterment tax on properties lying within a 1-km distance on both sides of the road and other ways.

The cost of the project is funded by both Central Government and the State Government and the approximate expenditure may be in the range of over Rs.20,000 crore.

The SPV was formed in the name of Bangalore Development Corporation Ltd with the Registrar of Companies to implement the Rs 11,950-crore Peripheral Ring Road (PRR) project was mooted, it finally became a reality on July 18.

Apart from BDA, the Karnataka Urban Infrastructure Development Finance Corporation, BBMP, BMTC, BESCOM, BWSSB and the state government’s Town and Country Planning Department are partners in this independent body.

The National Highways Authority of India has been entrusted with the role of preparing the Detailed Project Report for it.

All the properties in and around PRR will be connected and the property rates will go up.

PERIPHERAL RING ROAD PROJECT CONNECTING BANGALORE WILL BE READY WITHIN FEW YEARS


PRR-READY

The most ambitious 65-km Peripheral Ring Road (PRR) was announced by the government in 2005 is finally out of the box and the state and the central government will now execute the project through a Special Purpose Vehicle (SPV). The ministry of road transport and highways (MoRTH) has assured the state of investing 50% in this project.

Said Mahendra Jain, additional chief secretary to the urban development department: “A month ago, we got an offer from the Centre, saying it wants to contribute 50% to the project.The approval to form the SPV has already come from the state government. But we have not got any official assurance from the Centre so far. But the minister guided us to go ahead and form the SPV with our without the Centre’s involvement. “

The government will constitute a 15-member board to work out the details of the project.

The state government has roped in the Karnataka Urban Infrastructure Development & Finance Corporation (KUIDFC) to help get finances from the Centre and state for the SPV . The six lane expressway will be a tolled road. The BDA has also mooted a plan to double the Floor Area Ratio (FAR) in the 1.5km radius along the route, which will interest the real estate developers.

The primary reason for the delay in executing the project has been opposition from farmers from around 51 villages. Initially, the authorities notified 1,989 acres, of which it decided to acquire 1,920. The detailed project report (DPR) pegged the project cost at Rs 9,600 crore, out of which Rs 5,800 crore was earmarked for land acquisition; road building cost was estimated to be Rs 3,800 crore. Japan International Cooperation Agency (JICA) had agreed to pay for the road construction but not for land acquisition. This further burdened the state and dealing with farmers became tough. However, land acquisition cost has now swelled to Rs 8,100 crore and farmers have finally agreed to part with land if they are paid the compensation in full. Meanwhile, the project cost has escalated to Rs 11,200 crore, say officials.

Of the 100m road width, 75m will be developed into a six-lane highway . The remaining 25m strip will be used as a service road.

PRR WILL BE A REALITY SOON


The Peripheral Ring Road, which was delayed has been taken up by National Highways Authority and will be executed soon.

It is a good news for the commuters.  It is 65 Km and connects Nelamangala, Devanahally, Hosakote, Anekal, Kanakapura and Makali, thus reducing the traffic congestion in and around bangalore.

PERIPHERAL RING ROAD – APPROVAL WILL BOOST THE REAL ESTATE INDUSTRY


The State Cabinet has Accorded its approval to the much delayed PERIPHERAL RING ROAD

The state government has rebooted the 30-year-old Peripheral Ring Road (PRR), the state cabinet granted in-principle approval for the 65-km long road project connecting Tumakuru Road with Hosur Road cutting through Bengaluru East and North taluks.

The state government modifying its earlier plan of building 100 metres of eight-lane PRR road has decided to lay just 75 metres of eight lane road. “The remaining 25 metres will be developed and used for commercial purposes post commissioning of the PRR,” TB Jayachandra, Law and Parliamentary affairs minister briefed media persons after the cabinet meeting.

The state government has proposed alternatives that include giving back land losers developed land and partial payment of compensation with double FAR.

“The committee headed by the Chief Secretary which looked into this issue has come up with a plan of compensating land losers with developed land. The land owners will be given back the developed land with double FAR (Floor Area Ratio). To decide on the subject, a meeting of farmers and land owners has been convened on Thursday by Bengaluru Development in-charge minister where a final decision will be taken,” Jayachandra explained.

Explaining further, Mahendra Jain, additional chief secretary, Urban Development Department, said, “That apart, about 100 metrs of land on either side of the road will be developed as premium FAR and will be sold to commercial investors. Once the road is commissioned, there will be a lot of commercial activities including layouts, apartments etc. That being the case, the government can charge betterment levy on such activities as provided in the BDA Act on 1 km of land on either side of the road. By these methods, the government hopes to rake up about 10,000 crore over a period of 10-15 years.” The state government, by deciding to develop 25 metres on either side of the road, would result in the development of 1,200 acres of land. “The total required land would be 1,890 acres, out of which 1,200 acres will be retained. It would be far easier to compensate land losers with developed land without much of a financial burden,” Jayachandra detailed.

The Government will discuss the acquisition process and compensation to the farmers and take appropriate decision after the consultation.

PRR will be a toll road as the investment is from the loan from JICA

The government has proposed to raise a loan of about Rs 10,000 crore from the Japan International Cooperation Agency (JICA) for laying of the eight-lane roads. “Since the investment will be made by raising loans, the roads will be tolled and toll will be collected by BDA, which will in turn be used to repay the loan amount.

ALIGNMENT

* The alignment starts at Makali off Tumkur Road
* It moves towards Thammenhalli and Soladevanahalli
* After moving towards Dodda Bylakere it passes through Mavallipura sewage treatment plant, before entering Jarakabandekaval forest
* The road intersects Doddaballpura Road near BMS Institute of Technology, around 3 km from the periphery of Yelahanka Satellite Town
* The PRR intersects Bellary Road at Hosahalli
* After entering agricultural areas in Kogilu, residential and industrial areas in Agrahara, Thirumalenahalli, Bellahalli, Doddagubbi, it touches Rampura
* Headed in the south-east direction, it intersects Old Madras Road near Sree Mahalakshmi Ventateshwara School in Avalahalli
* Then it heads towards Kadugodi.
* Near railway line close to Kadugodi Milk Federation Society it moves towards Channasandra and reaches Sorahunase and touches Varthur Lake
* After Kachamaranahalli it moves 3.5 Km towards southwest and it cuts across Sarjapur road in Sulikunte. All the areas around this stretch are agricultural lands.
* The PRR then curves south-west towards Gattihalli, Huskuru and Chikkanagamangala
* Going further south-west, the road moves along the periphery of the industrial areas of Electronics City
* The road enters the Electronics City and intersects Hosur Road near Suvidya College in Hebbagodi

 

PRR – 65 KM CONNECTING MYSORE ROAD-MAGADI ROAD-HOSUR ROAD-TUMKUR ROAD- HAS BEEN REVIVED BY THE BDA


BDA has renewed its plan to develop 65 KM PRR and has initiated the process of acquisition.

​The Bangalore Development Authority (BDA) has decided renew its PRR Project and acquire 1,810 acres of land spread across 51 villages on the outskirts of the city for the road project that will connect Tumkur Road and Hosur Road by the end of this year.

The 65-kilometre proposed road will link other highways like the Mysore Road and Magadi Road between Tumkur and Hosur roads. As per the plan, the new ring road will be eight-laned.

PRR WILL BE REALITY SOON !!! AT LAST !!!!!


The Japan International Cooperation Agency (JICA), a multinational aid agency, has come forward to assist the  peripheral ring road (PRR) project of the Bangalore Development Authority with a soft loan of Rs. 3,800 crore.  The proposed 65-kilometre, 75-metre-wide road will connect Tumkur Road with Hosur Road via Doddaballapur Road, Bellary Road, Old Madras Road and Sarjapur Road.