BENGALURU: In A significant move, the Cabinet on Thursday decided to go ahead with the 117-km Bengaluru Business Corridor (BBC), the erstwhile Peripheral Ring Road (PRR), conceived in 2005.
The Rs 27,000-crore project will be executed by Bangalore Development Authority (BDA) with a loan from Housing and Urban Development Corporation Limited. It will be a toll road and the government will give surety to the BDA.
Deputy Chief Minister and Bengaluru Development Minister DK Shivakumar claimed the project which will ease 40 per cent traffic in Bengaluru will be completed in two years as HUDCO has already granted the loan.
The estimated cost of the project is likely to be reduced by Rs 10,000 crore as more options will be given to land owners, including the offer of handing out either the developed or the commercial plots against the lands they spare for the project.
The corridor road will circle the city connecting Tumakuru Road, Yelahanka, Whitefield, Electronics City, and Mysuru Road. As much as 73 km of this road will be in North Bengaluru and the rest in South Bengaluru, he told reporters.
‘Bengaluru needs an alternative to NICE Road’
“The previous government had notified the project but had not taken it back. Bengaluru needs an alternative to NICE Road. The initial notification was for a road width of 100 metres, but we have decided to keep the road width of 65 metres which is as wide as the Bengaluru-Mysuru Express highway. The remaining 35 metres of land will be given back to farmers as compensation,” he said, adding that there will be a provision of 5 metres for the Metro rail project in the median for the future.
“If some landowners refuse to give their land, we will place compensation as a deposit money in the court and proceed with the project. No land will be de-notified at any cost,” he said.
L K Atheek, Chairman, BBC, and former ACS to CM, was also present.
Compensation options
Cash compensation: Two times the Guidance value (GV) in urban (erstwhile BBMP limits and CMCs) & three times the GV in rural areas (within 5 KMs from the limits of erstwhile BBMP).
TDR as per the BBMP norms (that is two times the Guidance Value and Guidance Value of urban land will be considered).
FAR / FSI on the land acquired will be allowed to be utilised in the residual land of farmers at the side of the upcoming PRR.
Residential sites in a nearby residential layout 40% of the developed land after deducting the land for Robards, parks & open spaces and civic amenity sites.
Those who lose less than half acre (20 guntas) will get only cash compensation.
Developed commercial land in the 35-metre commercial corridor created next to the PRR after the service road at 35% of the developed land.
The 35-metre corridor is the saving out of the 100 metre right of way acquired, after building the 12-lane road in the 65-metre corridor.
