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.
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