No takers for BDA’s PPP model at GIM

Jun 12, 2012 - Chandrashekar G. |

Bengaluru

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The Bengaluru Development Authority (BDA) which had great hopes from the just concluded Global Investors Meet (GIM) in the city , could not be more disppointed as not one investor has come forward to sign a Registration of Interest (ROI) for its projects worth over Rs 4,000 crore on display at the exhibition hall.

Hoping to boost city infrastructure in the public private partnership (PPP) mode, the BDA exhibited four major projects for investment — the Peripheral Ring Road (PRR), renovation of markets in the city, construction of elevated corridors and affordable houses at the GIM. The BDA also invited ROI for construction of an elevated corridor from Benniganahalli to Mekhri Circle, from the Central Silk Board junction to Jayamahal Road and from Jnanabharathi to Old Airport Road.

Since Mysore road is already congested due to the poor infrastructure and the construction of a flyover, widening of the road and the presence of the Metrol rail, the elevated road between Jnanabharathi and Old Airport Road have been accorded importance and the PRR project too is being treated on priority, according to sources. The PRR project is estimated to cost Rs 2,500, excluding the land acquisition. All projects amount to Rs 6,000 crore, going by sources.

On a positive note, some investors have shown interest in BBMP projects like building of toilets, bus shelters, abattoirs and generation of power from municipal solid waste. "The expression of interest forms are available on our website and the applications are expected to reach us in a week,", said BBMP sources.

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