Work on Phase-2 of Chennai Metro to commence this year

Want create site? With Free visual composer you can do it easy.

Date of post: 21 Jan, 2019

Chennai: Work on Phase-2 of Chennai Metro Rail project would commence this year, a senior official said. “We have already signed loan agreement with Japan International Cooperation Agency (JICA) for the first 52 km stretch of Phase-2 and for balance kilometres we have received in-principle approval from several international financial agencies,” said Pankaj Kumar Bansal, Managing Director of CMRL.

More Information:
Currently, Chennai Metro Rail Ltd (CMRL) has in-principle approval from Asian Development Bank (ADB), New Development Bank (NDB), European infrastructure bank and World bank.
Estimated to cost Rs 69,000 crore, the Phase-2 covers 119 km which includes 3 corridors:
– Madhavaram to Sholinganallur
– Madhavaram to CMBT
– Light House to Meenakshi college
Out of these, work would commence on the first two corridors covering 52 km.
While the State government had submitted the Phase-2 proposal to the Centre in 2017, the Centre had subsequently modified the Metro Rail Policy, he said.
He added,“Accordingly we have updated our comprehensive mobility plan and the State government has submitted the revised plan to the Central government two weeks before.”
Soil investigation, technical design consultancy and land acquisition process are underway in the 52 km stretch.
Bansal added, we will be calling the tenders in June and physical work should start this year.