Four firms bid for Bengaluru's tunnel road project
pre-market1 source ↓written by the desknot a recommendation
- aims to alleviate
- 16.7-km tunnel road project
The Karnataka government’s 16.7-km tunnel road project aims to alleviate traffic congestion along Bengaluru’s north-south corridor. Four firms—Rail Vikas Nigam, Adani Group, Vishwa Samudra Engineering, and Dilip Buildcon—have submitted bids to build the twin tunnels. However, the project faces significant opposition from environmental groups and pending court petitions.
This development may impact infrastructure sector sentiment as the project progresses amid regulatory challenges.
Not investment advice. For informational purposes only.