The National Highways Authority of India (NHAI) is planning to tender out the Bangalore-Chennai Expressway (BCE) under the hybrid annuity mode (HAM).
Under HAM, a portion of the costs for the 262-km greenfield project is to borne by the government and the contractor is paid an annuity.
According to a report in The Hindu, the cost of the eight-lane access-controlled expressway project is estimated to be around ₹20,000 crore. It has been divided into three phases for operational ease.
It further said that possession of the lands in the three States of Tamil Nadu, Andhra Pradesh and Karnataka will commence shortly and the project is expected to start by September.
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