The special special -purpose vehicle (SPV) to be created to implement Mega Road Infrastructure projects will be tasked with implementing five key projects, including tunnel roads, double packer overpower, including 110 km long, at estimated costs of 73 200 GBP Crore.
The civic budget introduced on Saturday that SPV will introduce the implementation of the tunnel road Hebbal-Silk Board Road this year for the price of 17 780 Crore.
New parastate
Although criticism has been criticized that these large tickets have been excluded from the BBMP, SPV is the predecessor of the new parastatic, which recently assumes both the legislative chamber, which assumed that the main minister chair. The bill was recently sent back by a governor who was looking for clarification.
As part of the settings of multiple corporations, this SPV will be solved by all projects that exceed more urban borders, the sources said. In such a scenario, the main divisions of roads and rainwater will also be integrated into this SPV, they also said in this SPV.
The BBMP budget suggests that this year SPV will take up to 6000 Crore, which will be funded by Bruhhat Bengaluru Mahanagara Palike (BBMP) and the Government of Karnataka, except for bank loans. BBMP undertook to transfer revenue from Far bonus (estimated Crore 2000 in 2025-26) and advertising revenues (estimated 750 Crore in 2025-26) each year.
Last year’s budget, however, BBMP estimated that the Crore 1700 Crore from the Premium Far and 500 GBP received from the ads, but no single rupees were implemented from these sources because no policy was implemented. This year, although the state government passed the laws of BBMP advertising for laws – 2024 and is expected to be carried out, the Far bonus is still caught in a legal tangle. Civic officials themselves admit that the civic body is not sure of mobilizing these funds, so the finance SPV will not start firm.
Tunnel
The budget stated that the detailed report of the project (DPR) was prepared for the tunnel path between Hebbal and Silk Board at the price of 17 780 Crore, “determined that this year will be made”. DPR also takes place for the next tunnel between KR Puram and Mysuro Road. Both tunnel projects, with total estimated cost of 42,000 GBP crore, will be implemented through the model for the operation/ hybrid annuity of Build within the partnership of the public private sector.
“Projects are designed according to the method of viability fund (VGF), where 40% of the project costs will be funded by the government/BBMP through bank loans and the rest is expected from concessionaries,” BBMP said in its budget. The state government committed itself to a $ 19,000 loan guarantee for the project.
In addition to the ongoing WhiteToTopping 157 km arterial and sub -arterial roads for the price of 1700 Crore, SPV will have the task of Whitetopping the main roads within the BBMP price for 6,000 GBP. While the budget says that the action plan has been prepared for the same, it does not specify the length of the road network that will be encouraged as part of this project.
Published – 29 March 2025 20:04
