Traders welcome Chennai road improvement plan

The Tamil Nadu Foodgrains Merchants Association (TFMA) has welcomed the announcement of the comprehensive road improvement plan by the Chennai Corporation. On December 31, the Mayor of Chennai Corporation, Ms Thenmozhi Gopinathan, and the Commissioner of Chennai Corporation, Mr S. Sebastian, announced in a press meet that a comprehensive mobility plan at a cost of Rs 1,640 crore to improve the road facility with two stretches of elevated corridor and five new bridges on congested junctions has been proposed. Mr S.V.S.S. Velshankar, Secretary, TFMA, in a release, while welcoming the announcement, urged that the facilities should be completed at the earliest opportunity.

Madhucon Projects bags project from NHAI for Trichy- Thanjavur Expressways and Chennai- Tuticorin Expressways

Madhucon Projects has received a letter of award from National Highway Authority of India (NHAI) worth Rs. 73.98 crore for 4-laning of Barsasat- Krishnagar section of NH 34 from Km 31 to Km 115 in the State of West Bengal under National Highway development programme (NHDP-III) on design, build, finance, operate and transfer basis (DBFOT) on annuity basis. The concession period is 17 years including construction period of 910 days.

The company is having 6 BOT toll and annuity projects under its BOT portfolio. The two toll road projects namely Madhucon Agra- Jaipur Expressways and TN (DK) Expressways are operational and two BOT toll road projects namely Trichy- Thanjavur Expressways and Chennai- Tuticorin Expressways are expected to commence toll before the end of February 2011.

The company made this announcement during the trading hours today, 23 February 2011.