INDIA: Kamal Nath inaugurates Ten-Laned Mixed Corridor to Electronic City, Bangalore
22.1.2010 20:5 IST
The Ten Laned Mixed Corridor to Electronic City, Bangalore on NH7 was inaugurated by Shri Kamal Nath, Minister for Road Transport and Highways in Bangalore today.
Inaugurating the 9.985 km elevated highway, the longest elevated national highway in the country, Shri Nath said the highway will set the benchmark and standard for such projects in future for the country. Terming this as first step towards solving the infrastructure crisis of Bangalore, he said “which city can be more deserving than Bangalore for such a project as the “intellectual city” has brought India on the IT map of the world.”
He announced that the State would get Rs.18000 crores of road project in the next four years which will help in reducing the infrastructure deficit in the State. Addressing the media persons later on the sidelines of the event the Minister announced that the Government of India will be signing an MoU with the Government of Malaysia in February this year for greater cooperation in the road sector.
Commissioned in 2006, the total cost of the project is Rs.450 crore. With a negative grant of Rs.16 crore, the project has been completed by Bangalore Elevated Toll Way Limited, a Special Purpose Vehicle initiated by a consortium of three construction companies on BOT (Toll) basis. The concession period is 20 years.
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