The Hindu Business Line : Bangalore road project attracts private investment

THE Peenya Industrial Estate Association and a few private companies have evinced interest in participating in the proposed project to lay the Bangalore-Nelamangala Road, according to the Union Minster of State for road Transport and Highways, Mr K.H. Muniyappa.

The Minister said that Jindal Aluminium and Himalaya Healthcare had shown interest in contributing towards the project, which will extend to Hassan in Karnataka. A final decision would be taken after ascertaining the interests of the private sector on the modality of implementation of the project, he said.

Following a strong protest against the State Government's approach in expanding the road to Electronic City, which is congested to the sudden explosion in vehicle population, the State Government, decided to float a special purpose vehicle (SPV) with the Central and State Governments and the Electronic City Industries Association, with both the Governments together contributing Rs 100 crore and the association putting in Rs 100 crore to construct an elevated road on the Silk Board-Hosur Section of the National Highway No. 4.

The Minister said that a detailed project report would be ready by March next year and work on the project would start in April. To be constructed at a cost of Rs 250 crore, the project involves a four km elevated road and a surface road of six km to serve the IT hub.

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