Ashoka Buildcon-GVR Infra bag Chennai road project
The Tamil Nadu Road Development Company Ltd (TNRDC) has awarded the development of Chennai Outer Ring Road Phase II from Nemilicheri in NH 205 to Minjur in Thiruvottiyur – Ponneri – Panchetti (TPP) Road on a Design, Build, Finance, Operate and Transfer (DBFOT) basis to the consortium of Ashoka Buildcon Ltd and GVR Infra Projects Limited.
The project is on annuity basis with a concession period of 20 years and TNRDC cost of the project is Rs. 985.44 Crores.
"We are very proud to be the ‘Selected Bidder’ for this prestigious project. We at Ashoka Buildcon and GVR Infra Projects are confident of completing the job well and within the deadline.” said Satish Parakh, MD, Ashoka Buildcon Ltd on behalf of the consortium.
Ashoka Buildcon Ltd has 28 BOT projects in the states of Maharashtra, Madhya Pradesh , Chattisgarh, West Bengal, Orrisa and Karnataka.
GVR Infra Projects Limited is a Chennai-based EPC and BOT company focused mainly on roads apart from other verticals such as water, railways, power (EPC) and urban infrastructure.