Bengaluru Smart Infrastructure Limited (B-SMILE), a special purpose vehicle (SPV) created by the Karnataka government to manage and execute large infrastructure projects in Bengaluru, has floated a global tender for an ambitious underground twin tunnel road project. The road, aimed at decongesting traffic on the city’s north-south corridor, will be implemented on build-own-operate-transfer (BOOT) model and executed in two packages. The project is estimated to cost Rs 17,698 crore (excluding GST), with a construction timeline of 4 years and 2 months for each package. According to the tender notification, the project includes the design, construction, and maintenance of a three-lane underground twin tunnel road from Hebbal Esteem Mall Junction to Silk Board KSRP Junction, with multiple two-lane and three-lane entry and exit ramps. Package 1, from Hebbal Esteem Mall Junction to Race Course Junction (Seshadri Road), spans 8.748 km and is estimated at Rs 8,770 crore. Package 2, from Race Course Junction to Silk Board (8.748 km to 16.745 km), is pegged at Rs 8,928 crore with an Earnest Money Deposit (EMD) of Rs 44.64 crore. The total concession period is 34 years, including the 50-month construction window. The tender is expected to be opened by September. Contractors must be registered with BBMP or equivalent government agencies such as CPWD, KPWD, Railways, MES, National Highways, or other state departments to be eligible to participate. (ICE NEW DELHI)

Fonte notizia: Economic Times