The new government in Karnataka has revived 95 km long elevated corridor worth ₹33,600 crore in Bengaluru, which is now more expensive than initially cost worth ₹15,825 crore. The government proposes to take up the project on the hybrid annuity model where a private player bears 60% of the construction cost. The responsibility of pitching in the other 40% of the construction cost and the responsibility of land acquisition is on the state government as a similar model is being followed by the National Highway Authority of India (NHAI). The Centre entirely funds land acquisition costs for highway construction, NHAI officials in Karnataka said. In the case of projects pertaining to Bangalore Metro Rail Corporation, the state government bears the land acquisition cost while the construction cost is raised from different sources including borrowings. The Karnataka Road Development Corporation Ltd (KRDCL), the nodal agency has been tasked with the responsibility of executing the elevated corridor, said sources.
