Bangalore Elevated Tollway Limited (BETL)

 Project Overview
 

Bangalore Elevated Tollway Limited (BETL) is the Special Purpose Vehicle (SPV) created by the Joint Venture (JV) with Nagarjuna Construction Company Ltd. (NCC) and Soma Enterprises Limited (SEL) to undertake the Construction of Elevated Highway Project of Bangalore – Hosur Section of NH 7 from Silk Board Junction to Electronic City Junction on Build-Operate-Transfer (BOT) located in Bangalore for a 20-year Concession Period. This is a toll based project.

The project comes as part of the capacity improvement of the Bangalore-Hosur section with a four-lane elevated expressway, improvement and construction of six underpasses. The elevated expressway will run along close to 10 Km and relieve the overburdened land route between the Tamil Nadu’s industrial hub Hosur and IT corridor of Bangalore.

 
 Cost and Timeline
 
The project's Financial Closure was in October, 2006 and construction has already begun. The road is expected to be in operation in September, 2008. The estimated cost of the project is Rs. 775 crores.
 
 Highlights
 
Location Karnataka
Client National Highways Authority of India
Project 10 Km Bangalore Elevated Tollway
Type Urban Infrastructure
Cost Rs. 775 crores
Timeline 2 years. To be ready by September 2008
Benefits Answers the menacing traffic problems on Hosur Road and Electronic City stretch in South Bangalore, providing signal-free flow of traffic