The state has allocated 3,100 crore for construction of Chennai Metro Rail Project's phase-2 spanning 118.9 km. The state has also requested the Centre to approve funding for the project and provide 50% equity share capital as was done for phase-1 of the project, said finance minister O Panneerselvam, and added that in the last Budget, the state had allocated 2,681 crore for phase-2 as share capital and debt. Funding from Japan International Co-operation Agency (JICA) has been obtained for 52.01km from Madhavaram to Sholinganallur and also from Madhavaram to Chennai Mofussil Bus Terminus (CMBT). Detailed designs are ready and construction work on the project will begin shortly. Financing from multilateral agencies including Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and New Development Bank (NDB) is being firmed up for the remaining stretches of phase-2 from CMBT to Sholinganallur, Sholinganllur to SIPCOT, Siruseri and from Light House to Poonamallee bypass.
📅Published on:
21 February 2020
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
