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