The Tamil Nadu government has awarded an international competitive bid worth Rs 1,100 crore for Chennai outer ring road (ORR) project to Bangalore-based developer GMR Infrastructure who was the lowest bidder for the ambitious development project.

The state government is likely to issue the 'letter of award' within few days for the project to be carried out under a design, build, finance, operate and transfer (annuity) basis.

Bangalore headquartered global infrastructure major GMR has already completed six national highway projects and recently won the bid for 181-km long Hyderabad-Vijayawada stretch.

GMR will develop the Chennai outer ring road project measuring 29.65 kilometers including six lanes and two service lanes from the Vandalur to Nemilicheri section in Tamil Nadu for the concessional period of 20 years.

O Bangaru Raju, Managing Director of GMR Highways Pvt. Ltd and Director of GMR Infrastructure Ltd said, "This Greenfield project will ensure smooth flow of traffic and will be built to world class standards. Once completed, this will give a tremendous boost to real estate development and trade and commerce in the region."

The company has also been developing 10 power projects out of which three are working and remaining are on different operational stages. It has also revamped the Greenfield international airport at Hyderabad and commissioning a brand new integrated terminal T3 of Delhi International Airport.