Karnataka clears Rs.1,484 cr road projects

    Karnataka road projects
    The state government in Karnataka is all set to start the construction work on road projects entailing an investment worth Rs. 1,484 crore. It plans to launch the work on building three roads to create alternative access from Bengaluru to Kodagu and Hassan districts. The new routes that involve widening and upgrading of the existing roads are aimed at easing the pressure off Mysuru and Tumakuru roads in the city. Karnataka State Highways Improvement Project (KSHIP) is developing the roads under the PPP model on hybrid annuity basis using ADB loans. The body, which is evaluating the price bids, is expected to award the projects very shortly and the projects will take about two years for completion. They entail 75% construction grant and nine years of concession period which includes two years of construction and seven years of operation and maintenance. The project packages involve building a four-lane toll road from NICE junction to Magadi on a 36.5 km stretch. The KSHIP will also upgrade the existing two-lane highways from Magadi to NH-75 junction (15 km) near Kunigal and, from Magadi to Somwarpet (166 km) with paved shoulders, truck lay-by, bus lay-by and remaining areas, said official sources.
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