Law Minister J C Madhuswamy admitted on the floor of the legislative assembly on Tuesday that a private company might be profiteering from a contract it holds to put up hoardings on the Hebbal flyover.
In a written reply, Chief Minister B S Yediyurappa, who holds the Bengaluru city development portfolio, said Avinashi Ads was given the contract for a 30-year period in exchange for an annual ground rent to be paid to the Bangalore Development Authority (BDA). The work order was given in May 2018.
The company, which has been permitted to put up 147 hoardings on an area spanning 61,780 square feet, has spent Rs 98.98 lakh to beautify 1.98 lakh square feet around the flyover, according to the reply. The contract requires the company to pay the government Rs 1.1 crore with a 5% increase every year as ground rent.
