| Work Detail |
A special purpose vehicle (SPV) has been formed to appoint a concessionaire for the Adyar river restoration project through public private partnership (PPP) mode.
The proposed project aimed at comprehensive restoration wherein concessionaire would carry out operation and management (O&M) of the projects under the ‘One River, One Operator’ model. Chennai Metrowater would lead the SPV comprising various government agencies and will take the step forward to form a new company as authority SPV as the project’s nodal agency.
Earlier this year, the Tamil Nadu government had announced a Rs 1,500-cr proposal to restore the 44-km Adyar river to realise the objective of Singara Chennai project. The concessionaire is expected to implement various projects for eco-restoration of the river, operate the infrastructure to abate pollution and also sustain the river ecology. The SPV would be responsible to transfer the rights to use and operate the existing assets, including sewage treatment plants (STPs) and pumping stations, for smooth implementation of the project.
The project would be executed under hybrid annuity mode (HAM). The government would contribute 40 percent of the project cost during the project period and the remaining would be made throughout the operations period.
At present, the Water Resources Department (WRD) has made progress in desilting and widening various stretches of the river. Also, Metrowater and Greater Chennai Corporation are engaged in strengthening sewage treatment network and river beautification works.
The concessionaire would have to implement various projects for eco-restoration of the river, operate the infrastructure to abate pollution and also sustain the river ecology. The SPV would be responsible to transfer the rights to use and operate the existing assets, including sewage treatment plants and pumping stations, to allow smooth and effective implementation of the project. |
