9 hours ago
Twin-tower project: After bidders give initial round a miss, govt re-floats tender
Bengaluru: After drawing no bids the first time around, the public works department (PWD) has reissued a tender to appoint a transaction adviser for its long-pending twin-tower project — a mega plan aimed at housing various govt offices under one roof at Anand Rao Circle.
Currently, these offices are scattered across various rented private buildings.
"We have floated a fresh tender to select consultants for transaction advisory services as no bidders showed interest when we floated the tender earlier," said J Prakash, executive engineer (building division), PWD.
Officials say the department has now set a deadline of July 9 for interested consultants to submit expressions of interest.
The selected transaction adviser will be given 12 months to complete the assignment — six months to prepare a techno-economic feasibility report (TEFR) and another six months to provide transaction advisory services.
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The project, originally conceptualised in 2020, received an allocation of Rs 400 crore in the 2020-21 state budget under the previous BJP govt. However, due to various delays, it was put on hold. It has now been revived with a revised estimated cost of Rs 1,251 crore, and the govt has tasked PWD with implementing it.
In Jan this year, the cabinet approved the hiring of a transaction adviser for the project, marking a renewed push toward execution.
The proposed twin towers will be constructed on 8.8 acres of govt land at Anand Rao Circle — a prime location with structures dating back to pre-1940. Currently, several govt offices including those of the PWD and the health department function out of these old buildings.
The strategic site was chosen for its proximity to the City Railway Station, Majestic bus stand, Metro stations, Vidhana Soudha, and the MS Building, making it a logistical hub for govt functioning.
Once complete, the twin towers will comprise three basements, a ground floor, and 50 upper floors, offering extensive parking and modern amenities. Officials said a detailed proposal will be placed before the cabinet for final approval once the TEFR and concept plan are prepared.
The project is to be developed on a public-private partnership (PPP) model. The transaction adviser will play a key role in finalising the specific model — whether PPP-DBFOT (design-build-finance-operate-transfer), lease-based, shared built-up area, or another configuration.
Grand plan
60% space for state govt
35% leased to central govt
5% for commercial use
