Current Affairs - Business - Discussion

The Hindustan Aeronautics Limited (HAL) and Bruhat Bengaluru Mahanagara Palike (BBMP) signed a MoU for facilitating the right of use of land for the corridor for the proposed signal-free corridor from Vellara junction to Hope Farm Junction. HAL handed over 3,100 sq.m. to the BBMP for the 17.5-km signal-free corridor. The estimated cost for the signal-free corridor is Rs. 109.5 crore. It is being constructed with funds from the Nagarothana scheme. The project will take around five months for the underpasses to be completed.