No. of views : (2618)
Phase 2 of Metro awaits World Bank funding
Posted on: 29/Jan/2019 12:21:31 PM
An approximate sum of Rs 13,000 towards construction of Chennai Metro Rail stretch covering Light House and Poonamallee corridor is likely. This would belong to the second phase of the metro rail project.
Sources say that the necessary construction works shall kick-start along this stretch once foreign bank loans get sanctioned for the same.
The World Bank, New Development Bank, Asian Development Bank and European Investment Bank have given an in principal approval for the project. However, a lot of discussion sessions are piled up following which loan amount towards the project will be decided out of the total sum of Rs 13,000. Perhaps, we should wait for a few weeks for finalizing, say sources.
The phase-1 status
In another few weeks, the first phase of the metro rail work will get completed with the last stretch along AG-DMS and Washermanpet to get inaugurated in another couple of weeks.
119 km Phase-2 Metro
In the second phase of the metro project, an estimated 119 km will be covered of which the first work will be to cover 52 km length covering Madhavaram and CMBT, and Madhavaram to Sholinganallur at the cost of Rs 44,000 crore.
Post your requirement - We will connect with the right vendor or service provider
