Home Business The PRR project will cost ₹24,000 crore, which would become an economic corridor: D.K. Shivakumar trendoogle

The PRR project will cost ₹24,000 crore, which would become an economic corridor: D.K. Shivakumar trendoogle

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The PRR project will cost ₹24,000 crore, which would become an economic corridor: D.K. Shivakumar trendoogle
The PRR project, will cost ₹24,000 crore

The PRR project will cost ₹24,000 crore

Deputy Chief Minister D.K. Shivakumar and Minister for Home G. Parameshwar during the Legislative Assembly session in Bengaluru on Tuesday.

The PRR project will cost ₹24,000 crore : Deputy Chief Minister D.Okay. Shivakumar and Minister for Dwelling G. Parameshwar through the Legislative Meeting session in Bengaluru on Tuesday.

The PRR project will cost ₹24,000 crore

Deputy Chief Minister D.Okay. Shivakumar on Tuesday instructed the Legislative Meeting that the proposed Peripheral Ring Street (PRR) venture in Bengaluru shall be transformed into an financial hall and that the venture would require an estimated ₹24,000 crore.

Responding to a call-attention discover tabled by BJP MLA Shailendra Beldale within the Meeting, he mentioned: “It has been 15 years for the reason that venture was proposed. Earlier governments tried to start the venture. However they failed as nobody got here ahead to bid for the tender. So now the plan is being modified and it will likely be rolled out beneath PPP mannequin. The tender for this venture has been known as and February 29 is the final day for tender submission. The venture requires an space of two,596 acres, of which solely 220 acres is authorities land, and the remainder is personal land.”

The PRR project will cost ₹24,000 crore

In Cupboard

“Though there’s a courtroom order about compensation for this land, we’ve got determined to debate this subject within the State Cupboard and assist farmers shedding land. I’ve assured the farmers that we’ll not de-notify this land once more and we’ll implement the venture. It’s estimated that ₹24,000 crore is required for this venture,” Mr. Shivakumar mentioned.

The PRR (Peripheral Ring Road) project, with an estimated cost of ₹24,000 crore, represents a monumental endeavor aimed at transforming transportation infrastructure and alleviating congestion in one of India’s fastest-growing urban centers.

Set against the backdrop of Bangalore’s burgeoning population and rapid urbanization, the PRR project is poised to address longstanding issues of traffic congestion and inadequate road connectivity in the region. As the city expands outward, the need for efficient and well-planned transportation corridors becomes increasingly apparent, and the PRR project seeks to fulfill this critical need.

Spanning a total length of approximately 65 kilometers, the PRR will encircle the outskirts of Bangalore, providing a seamless link between major highways and radial roads that converge on the city. This strategic bypass route aims to divert traffic away from the congested city center, easing congestion on existing roads and reducing travel times for commuters and freight transport alike.

The PRR project, will cost ₹24,000 crore
The PRR project, will cost ₹24,000 crore

In addition to its role in alleviating traffic congestion, the PRR project holds immense potential for stimulating economic growth and development along its corridor. By enhancing connectivity to industrial zones, commercial hubs, and residential areas on the outskirts of Bangalore, the PRR will facilitate the efficient movement of goods and people, unlocking new opportunities for investment, employment, and urban expansion.

Moreover, the PRR project is envisioned as more than just a transportation infrastructure initiative—it is a catalyst for sustainable urban development and environmental conservation. Through the incorporation of green spaces, pedestrian walkways, and dedicated cycling lanes, the PRR aims to promote multimodal transportation options and reduce reliance on private vehicles, thereby mitigating air pollution and promoting healthier lifestyles.

The PRR project, will cost ₹24,000 crore
The PRR project, will cost ₹24,000 crore

However, as with any mega-infrastructure project, the PRR is not without its challenges and controversies. Concerns have been raised regarding land acquisition, environmental impact, and the need for robust planning and execution to ensure the project’s success and longevity.

Nevertheless, with careful planning, stakeholder engagement, and the commitment of resources, the PRR project has the potential to reshape Bangalore’s urban landscape for the better, ushering in a new era of connectivity, sustainability, and prosperity for the city and its residents. As Bangalore continues to evolve and grow, the PRR stands as a testament to the city’s ambition and determination to build a brighter future for generations to come.

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