logo
Bengaluru civic agency to float Rs 17.7k-cr global tender for tunnel roads soon

Bengaluru civic agency to float Rs 17.7k-cr global tender for tunnel roads soon

Time of India18-06-2025
Bengaluru: BBMP is set to invite global tenders in the coming weeks for construction of the 16.745-km-long six-lane twin underground tunnel road connecting Hebbal's Esteem Mall junction to Silk Board junction, a project it says will be a major push to decongest the city's arterial roads.
With an estimated cost of Rs 17,780 crore, the project aims to transform urban mobility by carving out a subterranean North-South corridor through some of Bengaluru's most-congested stretches.
The project, already approved by the cabinet, will be executed in two packages: Package 1 will cover the more than 8.7-km stretch from Esteem Mall to Seshadri Road, while Package 2 will extend another 8.7-km from Seshadri Road to Silk Board junction.
Together, the twin tunnels will span a combined length of nearly 33.5km.
"Tunnelling work will be carried out using eight tunnel boring machines (TBMs) and is expected to take 26 months. Civil and associated works will require an additional 12 months," said BS Prahalad, director (technical), Bengaluru Smart Infrastructure Limited (B-SMILE), a special purpose vehicle (SPV) established recently by the govt.
"Each TBM can bore up to 2km per year.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Switch to UnionBank Rewards Card
UnionBank Credit Card
Apply Now
Undo
Given the challenges of land acquisition in Bengaluru, underground tunnelling has emerged as the most-feasible option," Prahalad added. The detailed project report (DPR) for the tunnel roads was prepared by Rodic Consultants Pvt Ltd and approved by the govt.
The tunnel road will be open to four-wheelers while a restriction on two-wheelers is under active consideration to ensure safety and operational efficiency.
A toll of Rs 19 per/km has been proposed for 2029-30 period. This estimate draws comparisons with Mumbai's Trans Harbour Link, where toll charges are Rs 250 for a 22-km stretch.
The twin tunnels will be developed under build-operate-transfer (BOT) model. BBMP will contribute 40% of the cost as viability gap funding (VGF). The selected concessionaire will be granted toll-collection rights for a 30-year period following project completion.
According to Prahalad, tender preparations are in their final stages. "The three-lane twin-tube tunnel is expected to bring significant relief to commuters. We are moving quickly towards inviting global tenders," he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Amid bad news for ICICI, HDFC Bank customers, SBI makes big announcement, set to affect many customers due to….
Amid bad news for ICICI, HDFC Bank customers, SBI makes big announcement, set to affect many customers due to….

India.com

time5 minutes ago

  • India.com

Amid bad news for ICICI, HDFC Bank customers, SBI makes big announcement, set to affect many customers due to….

On the occasion of Independence Day, the State Bank of India (SBI) has reduced interest rates on home and car loans. The new rates came into effect on August 15, 2025. A 0.05% cut in the Marginal Cost of Funds Based Lending Rate (MCLR) will result in lower EMIs, bringing relief to borrowers. SBI's Reduces Interest Rates on Home Loan, Car Loan SBI said this will benefit customers with floating-rate loans. For them, EMIs could go down or their loan repayment tenure can also be shortened. Those planning to take a new home or car loan will also benefit from lower interest rates starting August 15, 2025. The cut will benefit borrowers with floating-rate home loans, where interest rates fluctuate over time. For new borrowers, this is an ideal time to take a loan as interest rates are lower, resulting in reduced EMIs and easier repayment. Car loan applicants will also gain from this rate cut. SBI Launches Special Loan Scheme For Agniveers State Bank of India on Thursday announced the launch of a special personal loan scheme for Agniveers under the Government of India's short-term Agnipath recruitment programme on the occasion of the 79th Independence Day. Under this loan scheme, Agniveers with a salary account at SBI can avail loans up to Rs 4 lakh without any collateral and with a complete waiver of processing fee, the bank said in a statement. The repayment tenure will align with the term of the Agnipath scheme, offering maximum flexibility and convenience to our nation's brave hearts transitioning from civilian life, it said. In addition to this, the bank is offering the lowest interest rate of flat 10.50 per cent to all defence personnel till September 30, 2025, it said. (With Inputs From PTI)

Muthoot Finance to inject ₹200 crore into home loan arm for growth
Muthoot Finance to inject ₹200 crore into home loan arm for growth

Business Standard

time5 minutes ago

  • Business Standard

Muthoot Finance to inject ₹200 crore into home loan arm for growth

Gold loan firm Muthoot Finance plans to infuse Rs 200 crore into its housing finance subsidiary, Muthoot Homefin, for growth, said George Alexander Muthoot, MD and CEO of Muthoot Finance, in a telephonic interaction with Business Standard. Currently, the assets under management (AUM) of the home loan arm stand at Rs 3,096 crore in Q1 FY26, up from Rs 2,199 crore in Q1 FY25, registering a growth of 41 per cent. Muthoot also said that Belstar – the microfinance arm – will be diversified, as the Reserve Bank of India (RBI) reduced the qualifying assets criteria for microfinance institutions to 60 per cent. Belstar has also added 10 gold loan branches to diversify its loan book. Although collections and recoveries in the microfinance sector have returned to normal levels, a risk-based scoring model has been introduced as a new control measure to improve the quality of lending and to contain stress in the sector. "Earlier, [micro] loans were given left, right, and centre. Now, it is more responsible, and the focus is on giving loans to new customers," he added. Belstar's micro loan portfolio has decreased to Rs 7,500 crore in June 2025, from Rs 10,000 crore in April.

India building commercial silicon fab with 50,000 per month wafer production capacity: Union minister Ashwini Vaishnaw
India building commercial silicon fab with 50,000 per month wafer production capacity: Union minister Ashwini Vaishnaw

Time of India

time5 minutes ago

  • Time of India

India building commercial silicon fab with 50,000 per month wafer production capacity: Union minister Ashwini Vaishnaw

Academy Empower your mind, elevate your skills India is building a commercial-scale silicon-based fabrication facility (fab) that will churn out 50,000 wafer starts per month, even as such fabs usually operate at 20,000-40,000 wafer starts per month, electronics and information technology (IT) minister Ashwini Vaishnaw said on minister was referring to the Rs 91,000 crore fab being built by Tata Electronics in Gujarat's Dholera, which was approved in February last semiconductor manufacturing, a wafer is a thin, circular slice of a crystalline semiconductor material, most commonly silicon, upon which integrated circuits are fabricated."Six semiconductor units, one fab and five Assembly, Testing, Marking, and Packaging units, are at different stages of planning, construction and execution. Four more (one silicon carbide fab and three ATMP including the most advanced packaging unit) were approved last week. The entire ecosystem - design, fabrication, packaging, equipment, chemicals, gases - taking shape in Bharat," Vaishnaw said in a post on social media platform of the largest equipment manufacturers—Applied Materials and Lam Research—are setting up their design, production, and validation facilities in the country, he comments came after Prime Minister Narendra Modi said in his Independence Day speech that while the first proposal to set up a semiconductor factory in India got killed 60 years back, the country will finally get semiconductor chips that are 'Made in India' and 'Made by Indians' before the year is on the PM's statement, Vaishnaw said semiconductor industry pioneer Robert Noyce had come to India to set up a plant in 1964, but the erstwhile Permit Raj implemented by the ruling Congress Party back then did not allow him to. Royce then moved to Hong Kong and founded global tech major Intel Corporation , Vaishnaw claimed in his "the Mayor of Silicon Valley," Robert Noyce was an American physicist and entrepreneur who co-founded Fairchild Semiconductor in 1957 and Intel Corporation in 1968. Fairchild Semiconductor was a pioneer in the manufacturing of transistors and of integrated circuits, while Intel created the world's first commercial microprocessor chip—the Intel 4004—in 1971. Both companies were founded and incorporated in minister also pointed out that Intel had once again tried to set up a semiconductor unit in India in 2005-06. "Once again, it was not allowed because of the policy paralysis of the UPA regime," Vaishnaw said, questioning Congress General Secretary and Member of Parliament Jairam Ramesh on it. Earlier in the day, Ramesh had posted on X that the Semiconductors Complex Ltd (SCL) was established in Chandigarh during the Congress regime, starting operations in Vaishnaw argued that despite being established so many years back, SCL, Mohali, continues to work at just a lab scale.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store