Bengaluru Transforms 25 Intersections with Fountains, Lighting, and Green Spaces

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February 11, 2025

Bengaluru Transforms 25 Intersections with Fountains, Lighting, and Green Spaces

As of December 2024, over half of the 374 road projects awarded by the National Highways Authority, with a total construction cost of Rs 1 trillion, have faced delays of more than six months. Notably, the percentage of projects experiencing significant time overruns has escalated from 33% in June 2023 to 55% by the end of 2024, reflecting a deterioration in project execution timelines. The majority of these projects are being implemented under the Hybrid Annuity Model (HAM), which constitutes 55% of all national highway development initiatives. These contracts were awarded between 2015 and 2024.

Original source:

https://www.constructionworld.in/policy-updates-and-economic-news/bengaluru-revamps-25-junctions-with-fountains-lights-and-greenery/68870

Bengaluru Transforms 25 Intersections with Fountains, Lighting, and Green Spaces

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