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