Ashoka Buildcon Ltd in consortium with GVR Infra Projects Ltd has been declared as the selected bidder by the Tamil Nadu Road Development Company Ltd for development of phase-II of Chennai Outer Ring Road project from Nemilicheri to Minjur on DBFOT basis. The BOT (Annuity) project with a concession period of 20 years is estimated to cost Rs.985 crore.
The 32km six-lane project would connect Nemillichery on NH-205 with Minjur on Tiruvottiyur Ponneri Pancheti road via Padayanallur on NH-5.
According to sources, three Hyderabad-based companies had participated in the bids for the project which starts at Nemilicheri, crosses the Chennai-Bangalore railway line and Chennai Tiruvallur High Road and passes through several villages including Mittanamallee, Morai, Attanthangal, Padiyanallur, Kandigai. The Rs.1,075 crore phase-II was approved by the Tamil Nadu government in early January this year.
“We are proud to be the selected bidder for this prestigious project. We at Ashoka Buildcon and GVR Infra are confident of completing the job well and within the deadline,” Satish Parakh, Managing Director of Ashoka Buildcon said.
Already 17 km of road under phase-I costing Rs.1,081 crore running from Vandalur to Nemilicheri is almost complete.
Chennai Outer Ring Road is a 62.3km project being constructed in two phases around the Chennai Metropolitan area. The project will connect the GST Road starting at Vandalur to the TPP Road, ending at Minjur. The key objective of the project is to allow heavy vehicles to journey outside of the city, minimising traffic congestion within the city central areas.
Land for the project was acquired in two phases by the Chennai Metropolitan Development Authority—29.65 km of land between NH-45 and NH-205, covering 29 villages for phase-I and 30 km of land from Nemilicheri to Minjur, covering several villages for phase-II. The project extends up to an area of 545 ha and is estimated to cost Rs.2,000 crore.
Each phase of the project would consist of two segments. Phase-I comprises segment one and segment two. Segment one involves construction of 19.7km Vandalur-Nazarathpet stretch occupying 265.34 ha, while segment two includes construction of 9.5km Nazarathpet- Nemilicheri stretch spreading over 140.9 ha. Phase-II includes segments three and four. Segment three involves construction of the 19.1km Nemilicheri-Nallur Road, spread across 258.02ha, while segment four will see the construction of 14km Nallur-Minjur Road over an area of 195.8ha.
In August 2009, a consortium of GMR Group with 90 per cent stake and NAPC Ltd with 10 per cent hold received the order to construct phase-I of the project on PPP basis and work began in August 2010. Due to many challenges the BOT (Annuity) project has been delayed and yet to be completed. The 30-year contract includes construction period of three years. GMR and NAPC are directly involved in some of the construction works, while the rest have been contracted out. Phase-I is financed through a debt of Rs.665 crore and the rest through equity and government financing.