Bengaluru tunnel road project: Adani Group emerges as lowest bidder for the work
The Bengaluru Smart Infrastructure Ltd (B-SMILE) has declared Adani Group as the lowest bidder (L-1 bidder) for the tunnel road project in Bengaluru. Adani Group emerged as the lowest bidder for both packages of the 16.75-km long project.
The firm placed a bid of Rs 22,267 crore, whereas the government estimated Rs 17,698 crore. This project would be executed under a build-operate-transfer model and would have 40 percent government funding, with the remaining investment coming from private concessionaires.
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