The Hindu Business Line : TN gives nod for Rs 9,757-cr Chennai Metro Rail system

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TN gives nod for Rs 9,757-cr Chennai Metro Rail system

Our Bureau

Chennai, Nov. 7 The Tamil Nadu Government has approved in-principle the creation of a Chennai Metro Rail system at a cost of Rs 9,757 crore.

According to an official press release, the Tamil Nadu Cabinet, which met on Wednesday, took a decision to this effect.

A public sector enterprise, Chennai Metro Rail Ltd, will be floated to implement the project, which envisages a 46.5 km metro rail system on two routes in Chennai.

According to sources in the know, work on the project is expected to start in the current financial year and completed in 6-7 years.

Routes

In line with the detailed project report compiled by Delhi Metro Rail Corporation, one route will link Washermanpet in North Chennai, to Egmore, Teynampet and the Meenambakkam airport.

A second route will link the Fort, with Anna Nagar, Vadapalani, Ashok Nagar, Alandur and St Thomas Mount.

Of the total distance of 46.5 km on both the routes, over 20 km would be below the ground level and the rest on an elevated structure.

Both the alignments are among the most congested in the city, which would benefit from a modern transportation system. The alignments were selected based on traffic studies conducted by the Chennai Metropolitan Development Authority. The alignment, which forms a triangle linking three key areas – North Chennai, Thirumangalam to the west and Kathipara junction to the south through Poonamallee High Road, Inner Ring Road and Mount Road would be the first phase in the infrastructure project. The State Government will seek the Centre’s assistance to fund the project through grants and loans.

Also, the Tamil Nadu Government expects support from the Japan Bank for International Cooperation, according to the release.