HYDERABAD: Things are moving in the right track at last for the prestigious Outer Ring Road (ORR) project and the work on the first phase is set to start from June.

When the financial bids for the first phase were opened on Tuesday, it certainly gladdened the hearts of HUDA authorities as the competitive bidding by international companies brought down the estimated cost by 13 per cent.

HUDA funding

While HUDA estimated the first phase cost at Rs. 590 crores, it was bid for Rs. 513 crores and HUDA would fund the project through bank loan. A high-level committee headed by Chief Secretary would meet on May 29 to finalise the developer and in the mean time, technical committee would evaluate the proposals submitted by the bidders, according to ORR Project Director Piyush Kumar.

With the alignment for ORR second phase which had to be shifted in certain stretches notified once and for all, the authorities are now focussing on pockets of work to be assigned to international bidders. The work allotment would commence first in three pockets of 10 km to 12 km each out of ten pockets from Narsingi to Kollur, Kollur to Patancheru and Shamshabad to Srisailam Road and would be completed by September . Work assignment in remaining pockets of second phase of ORR would be completed by December, he said.

Apart from bank loan, HUDA would adopt different financial assistance models apart from Central Government aid to fund the entire project, he said

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