You are here: Home » Companies » News
Business Standard

Rs 600 crore road project may be ready by 2013

T E Narasimhan  |  Chennai 

The much awaited Chennai — Ennore — Manali Road Improvement Project (EMRIP) is expected to be completed by 2013, according to the state government.

The Rs 600 crore project, is being implemented through a special purpose vehicle Company Limited, set up Chennai Port, Ennore Port, NHAI and Tamil Nadu Government.

Groynes at 10 locations in the sea and seawall for a length of 500m along the sea coast at a cost of Rs 24.58 crore have been completed to prevent sea erosion. Widening to four lane and improvements in four roads and construction of protective works at three locations to prevent sea erosion have commenced.

This project is proposed to be completed in June 2013, according to Edappadi K Palaniswami Minister for Highways and Minor Ports, said in the policy note.

EMRIP, which was conceived in 1998 and has been under implementation for the last 10 years. The project envisages improvement of 30 kms road network in north Chennai which connects all the container freight station (CFS) which handles containers for Chennai port.

The project is estimated to be around Rs 600 crore, of which only Rs 267 crore is the drawing and construction cost of the project. Industry sources said, when the project was originally constituted in 1998, total project cost was around Rs 100 crore, which has now increased to Rs 600 crore.

The project has been one of the dream projects for the industry. The delay in the project was resulting Rs 75 lakh loss for various logistics operators every day.

According to industry representatives, vehicle movements have increased to 4,350 per day compared to 2,050 a day. If the road would have been laid properly, the trade could have generated Rs 30,000 crore business in the last five years.Another trade repre sentative said the Chennai Container Terminal inside Chennai port handles 100,000 boxes a month, this would have gone up by 60 per cent if the connectivity has taken shape.

It would have also brought in revenue of Rs 1,000 crore for the government since have to pay Rs 2.5 lakh duty for each container.

First Published: Mon, October 10 2011. 00:01 IST