Reliance completes construction of BOT project in Tamil Nadu
Reliance Infrastructure (RInfra) has announced completion of the Trichy-Karur road project in Tamil Nadu (India). the project was undertaken through its Special Purpose Vehicle (SPV) TK Toll Road.
On 18 July 2007, RInfra signed the concession contract to operate and maintain the road with a concession period of 30 years. The project cost was estimated at Rs7.32 billion (US$118 million).
The project, executed on Build Operate Transfer (BOT) basis under the aegis of National Highways Authority of India (NHAI), is a two-four laning section of NH-67 that connects Coimbatore to Trichy, Kumbakonam, Tanjavur and Nagapatinnam.
Shri Sudhir R Hoshing, RInfra Roads CEO, stated:
We are happy to announce completion of the project. The road will not just provide a hassle-free, safe and smooth driving experience for regular traffic, but also connect to industrial units and Trichy and Coimbatore international airports. The corridor will witness approximately 15,000 vehicles per day that is expected to double in the next four year.
With the opening of TK corridor, now we have all of our six road projects worth Rs. 40 billion in Tamil Nadu operational.
The scope of work on the 63 km road project involved realignment and widening of the stretch with new bypasses. The average speed of vehicle will now double to approx 70 km/hr. Automated Toll System's have been installed at each toll plaza to further reduce the stoppage time.
Reliance Infrastructure Ltd (RInfra) is one of the largest infrastructure developers in India. The company is developing a metro rail project in Mumbai and eleven road projects with total length of 1,000 kms.
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