Chennai Metro

With Mumbai, Chennai, Bengaluru and some other cities building metro networks to overcome choked roads, trains and buses, more than Rs 1 trillion was invested in metro rail projects in 2018-19

The first loan is for construction of a subway system in Chennai. It is expected that approximately 330 thousand people will use the 3rd line between Madhavaram Milk Colony Station and Sholinganallur

Japan International Cooperation Agency (JICA) has extended Official Development Assistance Loan (ODA) of 33,321 million Japanese Yen (around Rs 2,000 crore) to the Chennai Metro Rail Ltd. (CMRL) for building of Mass Rapid Transport System. The ODA loan's conditions are very concessional, i.e. 1.4 per cent and 0.01 per cent interest rate and 30 years of repayment period (including 10 years of grace period). This assistance from JICA will further mitigate the road traffic, traffic accidents and traffic pollution, and will eventually lead to balanced regional socio-economic development and enhancement of Chennai's atmospheric environmental condition.With the signing of this loan agreement for Chennai Metro Project, the cumulative loan amount provided by JICA for metro projects in India (including Delhi, Bengaluru, Kolkata, Mumbai and Ahmedabad Metro's) exceeds 2.6 trillion Japanese Yen (around Rs 1.5 trillion).Takema SAKAMOTO, Chief Representative, JICA India Office said, "When ...

Chief Minister Jayalalithaa says the current agreement is against the state's interest

The 9.051 km corridor between Washermanpet and Wimconagar will be executed by CMRL

Cumulative loan to Chennai metro now touches around Rs 8,877 crore by the Japanese agency