Bengaluru’s ₹1,300 Crore Elevated Corridor May Be Funded Through Higher Property Tax Instead of Tolls
The proposed 11.625-kilometer elevated corridor stretching from Swami Vivekananda Metro Station (Old Madras Road) to Silk Board Junction is estimated to cost approximately ₹1,300 crore. Plans are in place to recover this cost from the citizens themselves.
The project will involve constructing an elevated corridor that will connect Swami Vivekananda Metro Station (Old Madras Road) to Silk Board Junction, covering a distance of 11.625 kilometers at a cost of approximately ₹1,300 crore that will be retrieved from the citizens.
Rather than a toll, the Detailed Project Report proposes financing the corridor through increased property tax using the Value Capture Financing model. It will be traversing places such as Indiranagar, Domlur, Koramangala, and Madiwala.
The report considered toll as an alternative means of revenue generation but did not find it feasible due to the composite nature of the project, involving elements of elevated corridor, ramps, flyovers and ground level roads.