Tamil Nadu sanctions over Rs 2,600 crore for Chennai metro phase-2
With the allocation of Rs 2,681 crore for 2019-20, the state government has given its nod to commence work for the 118-km phase-2 of metro rail project that will connect the suburban areas to the city centre. “The state government has also given an administrative sanction for a total cost of Rs 40,941 crore. A sum of Rs 2,681 crore has been allocated for the Chennai Metro Rail Project as share capitals and debt,” said deputy chief minister and finance minister O Panneerselvam, in his budget speech. He said, JICA has approved Rs 20,196 crore to build the priority corridor of 52.01km from Madhavaram to Sholinganallur, and Madhavaram to CMBT. The announcement came at a time, when the ministry of Housing and Urban Affairs, said the state government has not submitted proposal seeking funds from the Centre for construction. CMRL has already started with soil test and detailed design for the priority corridor. “Calling of tenders for the construction will begin by mid-2019, and construction is likely to begin this year,” a metro rail official said.
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