Govt. considering developing PRR through private participation
The Hindu
‘Project cost is now estimated to be ₹21,000 crore’
The State government is considering a proposal to develop the much-delayed Peripheral Ring Road (PRR) project through private participation.
“The cost of the project is now estimated to be ₹21,000 crore, including ₹15,000 crore required for land acquisition,” Law and Parliamentary Affairs Minister J.C. Madhuswamy told the Legislative Council. He said the proposal was to hand over both land acquisition process and road development to a private company that would be selected through tender, and added that two companies had come forward to participate in the tender.
More Related News