π Tender Overview
Objective and Summary : The objective of the project is to meet the rapidly increasing road traffic demand in Chennai metropolitan area, alleviate traffic congestion and strengthen connections to the southern part of the state by constructing a segment 5 of Peripheral Ring Road and introducing ITS in segments 2 to 5, thereby promoting regional economic development. The project will contribute to the achievement of SDGs Goals 3, 8 and 9.
Planned Implementation Schedule :
1. Completion of project: June, 2030 (upon opening of the facilities).
2. Issuing of letters of invitation for consulting services (including construction supervision): July, 2024
3. Tendering of announcement of initial procurement package for international competitive bidding on project construction: June, 2026