RInfra completes Tamil Nadu road stretch
Mumbai: Reliance Infrastructure (RInfra) on Monday said it has completed its seventh road project from Salem to Ulundurpet in Tamil Nadu and toll collection has started in the stretch.
The project has been executed on build operate transfer (BOT) model by a special purpose vehicle called SU (Salem- Ulundurpet) Toll Road, under the aegis of National Highways Authority of India.
RInfra has been awarded the contract to operate and maintain the road for a concession period of 25 years. Built at a cost of Rs 1,061 crore, the SU corridor connects major tourist destinations, industrial zones and the Chennai airport.
RInfra has 11 road projects of 1,000 km worth Rs 12,000 crore.
Commenting on the development, RInfra Chief Executive (Roads) Sudhir R Hoshing, said, "We are happy to complete the widening and start operation of the Salem-Ulundurpet road. The corridor will not only connect centers of tourism and industrial zones, but will also reduce the rural-urban gap by connecting 79 villages with Chennai, Bangalore and other major cities in the region.
"The corridor is expected to have around 8,500 vehicles per day that is expected to double in the next four years".
With this, five out of six road projects worth Rs 3,300 crore in Tamil Nadu are now operational and generating revenue, he added.