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News Friday, 05 Dec, 2008
Hyderabad to invest INR 6,000 crore in expressway project

BS quoted Mr KS Jawahar Reddy VC of Hyderabad Urban Development Authority as saying that it is investing about INR 6,000 crore for an 8 lane access controlled expressway.

Part of the Outer Ring Road project, it would be taken up in 3 phases. In the first phase, a 24 kilometer long road would be laid from Gachibowli to Shamshabad, which is scheduled to be completed by February 2009. In the second phase, a road from Shamshabad to Pedda Amberpet in one stretch and from Narsingi to Patencheru in another would be laid at an estimated cost of over INR 2,440 crore. Five agencies are working on this project on a build, operate and transfer basis. This is likely to be ready by 2010. The third phase would see laying of a 70 kilometer long road connecting Patencheru and Pedda Amberpet.

Mr Reddy said that 33 radial roads would also be laid at a cost of INR 3,000 to 4,000 crore for better connectivity to the city. He added that Andhra government would take financial assistance from the Japan Bank for International Cooperation and would soon call for tenders for the project.

He said that HUDA has also identified land for setting up the digital entertainment city and will soon form a special purpose vehicle for the purpose. It is also planning a health city with participation from global players. He added that "We are trying to liberalize the norms for permission.''

 
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