Ad Here  
The new look- 4s Verna Brand leaders come forward... Illicit markets a concern to growing economy Housing Innovation Challenge, 2015 Tata Steel commence operations at Kalinganagar SumInfra- corridor based development... Economic, business and social sustainability Airlines wage price war TOP 10 CEO Compensation ECGC expands operations Creating Tamil Nadu Banana brand TN budget pragmatic and moderate on fiscal deficit Realising double digit growth in Tamil Nadu More gensets and diesel engines from TAFE Nothing to hide... On the ‘milky’ way Innovation that helped Chennai port Rating of states to be released soon Scoot offers just Rs.13,500 to ANZ... Hero Motocorp - smooth ride Time to fast-pace the logistics sector STFC raises money Four daughters and a proud father Purdue and IIT-M sign the dotted line Apple maps – finding its way TII-challenging year with flat growth Climate change may change the way businesses work... Chennai Port is at last decongested! - Adding Zest to Scooty Celebration time at MS Chola Investor friendly Japan IFCI to raise NCDs upto Rs 2000 crore Connecting the unconnected Durga - India’s largest blast furnace; now operational Murugappa- a year of consolidation Industry-well poised to invest on expansion Chennai will soon get its World Trade Centre Hyundai excites again TII’s single largest investment at Thiruthani Secured NCDs from Shriram City Economic issues take a back seat at G20 summit ISRO's 100th mission Blue Star plans a new plant in south Strategy war escalates between Hero and Honda Well-refined – RIL’s refinery margins zoom Realty sector takes a break... Flexible labour laws… Is Indian telecom industry heading for a monopoly? Striking cords for 25 years… Auto test tracks launched at GARC Oragadam campus ALL to launch electric busses Bridging the skill deficit in pharma industry Placing the right shoe forward... Automotive Vision Plan II... Backpack laboratory Inclusive and forward moving... Chola MS launches motor app Business Briefs LVB gears to become a financial supermarket TiE applauds innovative entrepreneurs Waste, a gold mine Business Breif Downsizing spree... ALL-two launches in a row Need to focus on ease of doing business... Indian Bank – global businesses crosses Rs 3 lakh crore... CUB: towards card-less withdrawal OBO Bettermann for better lightning protection When Centre visits the state Carrefour’s quick exit Focus on self-certification and third party inspection Gem of social service... BRICS development bank Curbing steel imports will hurt small business... Sun Edison launches solar pumps Veritas Finance- financing the unfinanced Nigeria comes nearer Three more leather clusters… Techies trip to India Applauding enterprise... An American alliance in the chemical industry? Indigo stays leader with 40 per cent share Make way for the new and dynamic railways Towards peace of mind Pharma market dozes People Flow Day- Safety Reality bytes Research needs more funding Ridley marathon to India Big-ticket investments march towards Punjab Smart controls for cooling large multi-zone spaces ... ALL – truck industry is recovering from degrowth A global plastic event in India TCS’ revenues cross Rs 100,000 crore Chola MS net crosses 100 crores Dynamic e-commerce scenario TVS Logistics – another acquisition to sharpen the business model Digital retail transactions stabilise at higher level… Celebrating 180 years of relevance WABCO’s second Chennai plant Chennai to get a roundabout Metro Schwing Stetter India joins hands with US-based Gomaco European crisis is a global crisis! Steel loses its sheen Changing dynamics in human resource management AirAsia India infuses funds to fight out competition An aerospace-defence cluster in Tamil Nadu… World labour laws at a glance Holiday Inn opens in OMR Chennai
Chennai to get a roundabout Metro

Keeping pace with the modern transportation needs, the newly elected Tamil Nadu government has decided to expand the Chennai Metro Rail facility across the city. Pegged at an estimated cost of Rs 44,000 crore, the feasibility report has been accepted by the government. The first service from Koyambedu to Alandur was thrown open in June last year and the extension till airport is likely to be completed in the next few months. The extension of Phase 1 estimated at Rs 3700 crore has been approved by the Central government. This extends through the thickly populated areas of Washermenpet till Wimco Nagar.

The entire project is funded by various agencies/loans. Around 59 per cent is from a Japan Bank for International Cooperation’s loan, while 30 per cent equity is shared by the centre and state governments equally. The balance is mobilised through subordinate debt, of which

5 per cent from the Centre and 5.78 per cent from Tamil Nadu.

The Metro, along with other public transports, is expected to ease off the stress on roads.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236