CMRL Awards Rs. 447-crore Contract For 4 Thirumangalam Towers
CMRL has awarded a Rs. 446.88-crore contract to Capacite Infraprojects Limited for constructing four property development buildings near Thirumangalam Metro station.
Chennai: Chennai Metro Rail Limited (CMRL) has awarded a Rs. 446.88-crore contract to Capacite Infraprojects Limited for constructing four property development buildings near Thirumangalam Metro station, featuring an integrated design with a Metro train corridor running between the towers.
The project, spread across 3.85 acres along corridor 5 of the phase-II network, is expected to be completed within 24 months of commencement.
The four towers will come up on either side of the Thirumangalam Metro station, with the station located between towers B and C. The integrated development is aimed at enabling commuters to access the Metro station directly from within the complex.
Towers A and C will have three basement levels, a ground floor and nine upper floors, while Tower B will comprise a ground floor and nine floors. Tower D will have a ground floor and two upper floors.
The contract, which includes civil construction, architectural finishes, plumbing, electrical and mechanical works, heating, ventilation and air-conditioning (HVAC), lifts and allied works, is one of CMRL’s major transit-oriented development (TOD) initiatives.
The agreement was signed in the presence of CMRL Managing Director Ashish Chatterjee. Director (Projects) T. Archunan and Capacite Infraprojects Assistant Vice-President (BD and marketing) Raju Bansode signed the agreement on behalf of their respective organisations. CMRL Director (Finance) S. Krishnamoorthy and other senior officials were present.
