After the National Highways Authority of India (NHAI) pulled out from the Bengaluru
Peripheral Ring Road (PRR) project earlier this year, the state government is now taking practical steps to execute the project through a Special Purpose Vehicle (SPV).
What is the PRR project?
The PRR project is especially targeted to reduce high congestion on the Outer Ring Road (ORR) and promote connectivity to areas beyond the ORR.
What’s happening now?
The decision comes after the Ministry of Road Transport and Highways (MoRTH) assured the state of financing of 50% of this project. Last week, Mr K J George, a member of the Bengaluru Development Ministry, met with BDA officials and urged them to form the SPV regardless of the involvement from the Centre.
When asked for further details, Mr Mahendra Jain, Chief Secretary of Urban Development Department explained, “A month ago, we got an offer from the Centre, saying it wants to contribute 50% to the project. The approval to form the SPV has already come from the state government. But we have not got any official assurance from the Centre so far. But the minister guided us to go ahead and form the SPV with without the Centre’s involvement.”
