Tamil Nadu Chief Minister M K Stalin and Union Minister Manohar Lal reviewed the progress of the Rs 63,246 crore Chennai Metro Rail Phase-II project, which has been recently approved by the central government.
Chennai Metro RailPhaseiiM K StalinUnion CabinetPublic TransportationReal Estate NewsOct 27, 2024
The total cost of the Chennai Metro Rail Phase-II project is Rs 63,246 crore.
The central government will finance almost 65% of the estimated cost, which includes the entire required loan of Rs 33,593 crore and equity and subordinate debt of Rs 7,425 crore.
Phase-II of the Chennai Metro Rail is projected to be completed by the end of 2026.
The Phase-II project will cover 118.9 km across three corridors, expanding the total network to approximately 172 km and linking various areas of the city.
Tamil Nadu Chief Minister M K Stalin and Union Urban Affairs Minister Manohar Lal recently reviewed the progress of the Phase-II project.
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