Chennai, Aug. 11 A consortium of GMR and NAPC has bagged the Rs 1,100-crore order for the first phase of Outer Ring Road in Chennai.
According to sources, the consortium will design, build, finance, operate and transfer the project involving the construction of a 30-km, four-lane highway with a large median.
The total length of the Outer Ring Road (ORR) is about 62 km with work on the first phase to be taken up early next year.
GMR is the lead member in the partnership with a 90 per cent stake.
The contract is for 30 years with revenue for the companies on an annuity basis. Apart from a three-year period for construction, GMR-NAPC will handle the operation and maintenance for 27 years. The payment would be on a semi-annual, annuity basis.
The ORR is to start at Vandalur, about 30 km south of Chennai on National Highway 45, or the Grand Southern Trunk Road.
The road will circle the western fringes of the city, connecting NH4 (that heads West and goes on up to Mumbai), NH5 (the link to Andhra Pradesh), and NH205 (to Kolkata).
The ring road will touch Minjur on Tiruvottriyur-Ponneri-Panjetty Road on the northern fringe of Chennai.
At a recent meeting on infrastructure, officials of the Tamil Nadu Road Development Corporation Ltd had said the project is to decongest Chennai, with the proposed bypass connecting all the highways to the city.
The ORR connects national highways and suburbs near the outer limit of the metropolitan area.
To facilitate the construction of the project, the State Government has provided for a Rs 300-crore support fund to be paid during the construction phase.
Land acquisition has been completed for the first phase that links Vandalur and Nemilicherry on NH205. The project is targeted for completion by 2012.
GMR, a Bangalore-based infrastructure company, has completed two major road projects in Chennai on NH45. It is the concessionaire for the 92-km Tambaram-Tindivanam stretch on the GST which was bid on an annuity basis, and the 73-km Tindivanam-Ulundurpet stretch, which is on a toll-basis.
NAPC is a Chennai-based company in infrastructure projects and is among the leading subcontractors for GMR.Related Stories:
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