Chennai port to Maduravoyal elevated corridor project

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According to the Union Minister for Road Transport and Highways, the project developed at an estimated cost of ₹5,800 crore will be completed by December 2024.
It will serve as a dedicated freight corridor for Chennai bound port traffic and increase the handling capacity of Chennai Port by 48% and subsequently reduce the waiting time at the port by six hours.
The project nearly doubles Chennai port’s container handling capacity to 2.64 million TEUs.
In July, 2022, tenders were called for the construction of a double tier four-lane elevated corridor on Engineering Procurement Construction (EPC) mode under the Bharatmala Pariyojana.

It is a new umbrella programme started in 2017 under the ultimate administrative control of the Ministry of Road Transport & Highways (MoRTH), Government of India, and will be implemented by the National Highways Authority of India (NHAI).
This will be done by development of Economic Corridors, Inter Corridors and Feeder Routes, National Corridor Efficiency Improvement, Border and International connectivity roads, Coastal and Port connectivity roads and Green-field expressways.

It is a type of Public funding Model.
In such types of models, full freedom to plan, design and construction is given to the private contractor and core requirements are specified in schedules.
Payments by the Government are linked to specified stages of construction.
The Contract Price is subject to adjustment on account of variation in the cost and change in scope ordered by employer.

Source : PIB