For this project, funding will be obtained from the German funding agency KFW through the Centre, he said adding the proposal would address traffic congestion in the textile city of Tamil Nadu.
As regards the second phase of Chennai Metro Rail covering 107.55 km in three corridors at a cost of Rs 85,047 crore, Tamil Nadu government's policy approval has been accorded and the project has been sent to Centre for its sanction and financial assistance, he announced.
This was in view of increasing traffic on Arcot Road spread over Virgambakkam and Valasaravakkam areas here, he said. For this proposed extension, a supplementary detailed project report will be prepared by Chennai Metro Rail, he said.
Palaniswami also announced setting up of a Tamils Culture and Heritage Museum featuring the hoary cultural tradition of the Tamil people at a total cost of Rs 50 crore at Madurai Ulaga Tamizh Sangam and Rs 15 crore will be allotted for the purpose this year.
The leader was also a scholar in scientific Tamil and also a pioneering trade unionist.
The award will be given to those who write books on science in Tamil, work for development of society, egalaitarian principles and for welfare of labourers.
Cash of Rs one lakh, one sovereign gold medallion, citation and shawl will be presented along with other awards during Tamil New year.
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