Cabinets nod for Peripheral Ring Road project in Bengaluru
The Hindu
Developer will be allowed to collect toll for 50 years
The State Cabinet on Wednesday cleared the proposed Peripheral Ring Road project for Bengaluru and also gave its administrative approval for calling tenders to take up the project for building 71 kms of road. However, the Cabinet has decided to allow the developer to collect toll for 50 years.
Briefing reporters after the Cabinet meeting, Law and Parliamentary Affairs Minister J.C. Madhuswamy said the developer would have to not only pay up land-acquisition cost, which is estimated to be over ₹5,000 crore, but also take up construction of the road. Hence, he would be allowed to collect toll for 50 years, the minister said, and added that the road will have a width of 100 metres.
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