Despite no signs of the Peripheral Ring Road project starting anytime soon, its cost has been shooting up by Rs 500 to Rs 1000 crore, Bangalore Development Authority (BDA) officials say.
The project has been in limbo for the past 12 years and the officials now say that they are waiting for the complete Detailed Project Report (DPR) from the consultants shortly.
“Our estimation of an increase would be anywhere between Rs 500–Rs 1000 crore or double the previous estimation of Rs 3,850 crore in 2016, which was approved by the government. This also includes operation and maintenance for a few years, excluding the land acquisition,” a senior BDA official told DH.
