** Israeli firm to fund, build Peripheral Ring Road in three years

Says it can lay 1 km of road on 8-lane project every day; cost escalates further.

Israeli private concern Symba Maz has come forward to fund the 73-km project with eight lanes plus four service lanes, which has now escalated to cost Rs 21,250 crore.

An Indian joint venture, based in Bengaluru, APIC Freeway Pvt Ltd, has submitted its Expression of Interest for implementing the project. It comprises of construction firms AFCONS, STUPS Ltd and Symba Maz.

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