The ground-breaking ceremony (bhumi puja) for the two-tier four-lane elevated corridor from Chennai Port to Maduravoyal is likely to be held soon with the National Highways Authority of India (NHAI) issuing Letter Of Acceptance (LOA) for all four packages of the ₹3,570-crore project to Mumbai-based J. Kumar Infrastructure Projects Ltd., the lowest bidder. The bid amount is about 15% less than the estimate for the project.
The project will be carried out under the engineering procurement construction (EPC) mode under the Bharatmala Pariyojana. The contractor will have two-and-a-half years to complete the work. Phase 1 of the project will cost ₹915 crore, Phase 2 ₹1,015 crore, Phase 3 ₹865 crore and the final phase ₹775 crore. The company will have to submit a performance security amount for each of these four packages before commencing work, said sources in the NHAI.
