AP News AP News ORR Phase-II may on Fast Track now
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| ORR Phase-II may on Fast Track now |
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The 72-km phase-II work of the Outer Ring Road (ORR) project from Peddamberpet to Patancheru is set to get on the fast track with the Japan Bank of International Cooperation (JBIC) agreeing to clear a Rs 2,000-crore loan quickly.
Following a presentation made on April 26 in New Delhi, JBIC officials reportedly agreed to release the funds during the middle of this financial year, i.e. in Sept. “As a result, phase-II work will begin five months in advance,’’ said MD of Infrastructure Corporation of AP L V Subramanyam. Normally, the JBIC releases funds only once in the beginning of a financial year. But AP government officials’ persuasive skills helped in convincing the JBIC on the need for quick assistance. Land acquisition for phase-II also is expected to be completed by June this year. “The technical fact finding mission of JBIC is expected to visit Hyderabad in a month,’’ ORR project director Peeyush Kumar said. ORR phase-II is being taken up from Shamshabad to Patancheru. It is divided into A and B. Phase II-A again is divided into two stretches—Shamshabad to Peddamberpet and Narsingi to Patancheru. The project cost of phase II-A is Rs 1,800 crore while for phase II-B it is Rs 2,090 crore. HUDA has already begun land acquisition and is expected to be complete by June this year. While for phase II-A, 317 acres is being acquired, for phase II-B, 2362 acres is required. For the stretch from Narsingi to Patancheru, the Hyderabad Metropolitan Development Authority (HMDA) has called for tenders. For the stretch from Shamshabad to Peddamberpet, tenders will be opened on May 22. Phase-II A is being taken up on ‘annuity model’ where HMDA will repay the contractor annually, but he will get mobilisation advance for the work. SOURCES: Times Of India             |