ADB Approves $240 Million Second Tranche for Chennai Metro Expansion Under $780 Million Funding Plan

The Asian Development Bank (ADB) has approved a $240 million loan as the second tranche of the Chennai Metro Rail Investment Project, supporting the expansion of Chennai’s metro network and improving access to cleaner, safer, and more reliable urban transport. This tranche is part of ADB’s $780 million multitranche financing facility sanctioned in 2022 and follows the first tranche of $350 million.

The newly approved funding will help develop key stretches of metro Lines 3, 4 and 5, covering 20 km of elevated and underground corridors and 18 new stations. The project will feature universal accessibility and disaster-resilient infrastructure to ensure operational safety during extreme weather events.