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Infrastructure Today Magazine | Chennai outer ring road to be built at Rs 985 cr

Chennai outer ring road to be built at Rs 985 cr

Web Exclusive  /  Jul 04, 2013

For the road development project of Chennai Outer Ring Road Phase II, Ashoka Buildcon company along with GVR Infra Projects has formed a consortium of 50:50 per cent and submitted a bid to the Tamil Nadu Road Development Company (TNRDC). The Ring Road Phase II is to be constructed from Nemilicheri on NH 205 to Minjur on Thiruvottiyur-Ponneri-Panchetti (TPP) Road on design, build, finance, operate and transfer (DBFOT) annuity basis.

The project is on annuity basis with a concession period of 20 years and the cost of the Project is Rs 985.44 crore. Tamil Nadu Road Development Company has declared the Consortium as a 'Selected Bidder' for the ring road Project on July 02.

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  • Chennai Outer Ring Road Phase II
  • Ashoka Buildcon
  • GVR Infra Projects
  • Consortium
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