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