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

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