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