Israeli firm to fund construction of Peripheral Ring Road
22 Feb 2021
2 Min Read
CW Team
Bengaluru's Peripheral Ring Road (PRR) project aimed at decongesting the city's traffic will be ready in three years if the fresh move to implement it through an Israeli infrastructure-cum-funding agency comes through.
A senior official of the Bangalore Development Authority (BDA), which is implementing the project, said a specialised technology would be used for road laying to ensure that the project is completed by August 2024.
Israeli private concern Symba Maz has come forward to fund the 73 km PRR with eight lanes plus four service lanes, which has now escalated to cost Rs 21,250 crore.
Make in Steel 2021
24 February聽
4th Indian Cement Review Conference 2021
17-18 March聽
An Indian joint venture (JV) based in Bengaluru, APIC Freeway Pvt Ltd, has submitted its Expression of Interest (EoI) for implementing the project. It comprises of construction firms AFCONS, Symba Maz and STUPS Ltd.
The CM recently mentioned that an Israeli firm had shown interest in funding the project without specifying details.
The big innovation that the JV plans to bring in is the 鈥淪tabiRoad鈥� model of laying of road.
StabiRoad method of laying roads:
By using the StabiRoad cement additive in a corresponding amount with the amount of cement, there is no significant risk of cracking. This is due to its ability to change the parameters of the concrete's bending strength.
: The PRR was originally estimated to be completed only in 2025, but has been opposed because of the large-scale tree-felling that is required.
Also read: Bengaluru鈥檚 transit infra projects to boost realty
Bengaluru's Peripheral Ring Road (PRR) project aimed at decongesting the city's traffic will be ready in three years if the fresh move to implement it through an Israeli infrastructure-cum-funding agency comes through.
A senior official of the Bangalore Development Authority (BDA), which is implementing the project, said a specialised technology would be used for road laying to ensure that the project is completed by August 2024.
Israeli private concern Symba Maz has come forward to fund the 73 km PRR with eight lanes plus four service lanes, which has now escalated to cost Rs 21,250 crore.Make in Steel 202124 February聽Click for event info4th Indian Cement Review Conference 202117-18 March聽Click for event info
An Indian joint venture (JV) based in Bengaluru, APIC Freeway Pvt Ltd, has submitted its Expression of Interest (EoI) for implementing the project. It comprises of construction firms AFCONS, Symba Maz and STUPS Ltd.
The CM recently mentioned that an Israeli firm had shown interest in funding the project without specifying details.
The big innovation that the JV plans to bring in is the 鈥淪tabiRoad鈥� model of laying of road.
StabiRoad method of laying roads:
By using the StabiRoad cement additive in a corresponding amount with the amount of cement, there is no significant risk of cracking. This is due to its ability to change the parameters of the concrete's bending strength.Image: The PRR was originally estimated to be completed only in 2025, but has been opposed because of the large-scale tree-felling that is required.
Also read: Bengaluru鈥檚 transit infra projects to boost realty
Next Story
Kolkata鈥檚 luxury housing market sees price growth amid mixed trends
A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..
Next Story
New Expressway to Cut Pune-Bengaluru Travel Time by Half
The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..
Next Story
Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic
To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..
