BBMP seeks ₹19,000 crore loan for Bengaluru Twin Tunnel Road project

The Bruhat Bengaluru Mahanagara Palike (BBMP) has proposed a ₹19,000 crore loan, backed by a state government guarantee, to fund the ambitious 18.5 km Bengaluru Twin Tunnel Road project. This initiative aims to ease Bengaluru's notorious traffic congestion by creating a toll-based, high-speed corridor between Hebbal’s Esteem Mall Junction and Silk Board Junction.

Also read: Karnataka legislative sessions begin with tributes to eminent personalities

Reportedly, according to officials, a Detailed Project Report (DPR) has been prepared, and BBMP is inviting bids from financial institutions registered with the Reserve Bank of India (RBI) or relevant authorities. Prospective lenders must have at least five years of lending experience. The funds will be drawn in phases, with the first instalment expected post-April 2025 and full disbursement by December 2027.

Key project features include a two-deck tunnel road with three lanes on the lower level and two on the upper level, designed for unidirectional traffic flow at speeds of 35-40 km/h. Strategic entry and exit points are planned at locations such as Mehkri Circle, Palace Road, and Jayanagar's Ashoka Pillar. A toll system will regulate access, promising reduced travel times and decongested surface roads.

The BBMP has set December 19 as the deadline for financial bids, with a pre-bid meeting scheduled for December 16 to address queries. Officials emphasize that this landmark infrastructure project will redefine urban mobility in Bengaluru, significantly alleviating traffic woes.