ADB approves $780 million loan to expand Chennai metro network
RAILWAYS & METRO RAIL

ADB approves $780 million loan to expand Chennai metro network

The Asian Development Bank has approved a $780 million multi-tranche financing facility (MFF) to build new lines and improve the connectivity of the metro rail system in Chennai with the city’s existing bus and feeder services.

ADB Senior Transport Specialist for South Asia Andri Heriawan stated that the project will expand Chennai’s metro rail system to provide a safe and integrated transport solution essential in improving urban mobility and making the city more livable.

The project will construct 10.1 km of the elevated section between Sholinganallur to State Industries Promotion Corporation of Tamil Nadu-2; 10 km of the underground section between Lighthouse and Meenakshi College; and 31 km of system components, such as electrical, mechanical, power, and telecommunication infrastructure, between Chennai Mofussil Bus Terminus to Okkiyam Thoraipakkam.

The stations will incorporate disaster- and climate-resilient features and will be responsive to the needs of the elderly, women, children, differently-abled, and transgender people, the ADB said in a release.

Multimodal interchanges and facilities will be established along metro rail corridors to improve commuters’ experience such as drop-off and pick-up areas, sheltered waiting areas, bicycle facilities and passenger information.

The Manila-headquartered multilateral lending agency will provide an additional USD 1 million technical assistance grant to help the Chennai Metro Rail with the planning and management of the metro system’s multimodal integration.

Also Read
INDIA - $29.6 billion plan to upgrade grid for clean power
Madurai junction redevelopment work to start in 3 months.

The Asian Development Bank has approved a $780 million multi-tranche financing facility (MFF) to build new lines and improve the connectivity of the metro rail system in Chennai with the city’s existing bus and feeder services. ADB Senior Transport Specialist for South Asia Andri Heriawan stated that the project will expand Chennai’s metro rail system to provide a safe and integrated transport solution essential in improving urban mobility and making the city more livable. The project will construct 10.1 km of the elevated section between Sholinganallur to State Industries Promotion Corporation of Tamil Nadu-2; 10 km of the underground section between Lighthouse and Meenakshi College; and 31 km of system components, such as electrical, mechanical, power, and telecommunication infrastructure, between Chennai Mofussil Bus Terminus to Okkiyam Thoraipakkam. The stations will incorporate disaster- and climate-resilient features and will be responsive to the needs of the elderly, women, children, differently-abled, and transgender people, the ADB said in a release. Multimodal interchanges and facilities will be established along metro rail corridors to improve commuters’ experience such as drop-off and pick-up areas, sheltered waiting areas, bicycle facilities and passenger information. The Manila-headquartered multilateral lending agency will provide an additional USD 1 million technical assistance grant to help the Chennai Metro Rail with the planning and management of the metro system’s multimodal integration. Also Read INDIA - $29.6 billion plan to upgrade grid for clean power Madurai junction redevelopment work to start in 3 months.

Next Story
Resources

Master Builders Solutions Forges Path into India Market with MBT-Construction Chemicals

Master Builders Solutions, a global leader in innovative concrete admixtures and solutions for the construction industry, announces its strategic expansion into the dynamic Indian market. Leveraging its expertise and advanced solutions, Master Builders Solutions aims to address the growing demand for sustainable, high-performance construction materials across various sectors in India. The move into India represents a significant milestone for Master Builders Solutions, aligning with its commitment to delivering cutting-edge solutions worldwide. With a rapidly evolving construction landscape in..

Next Story
Resources

TrucksUp collaborates with AU Small Finance Bank to empower aspiring buyers and small fleet owners

TrucksUp has announced a strategic partnership with AU Small Finance Bank Ltd to offer economic, easy and hassle-free financing solutions for used trucks focusing on driver and transport business community. This partnership tactically aims to support small fleet owners in India by providing low EMI loans at competitive interest rates. Their target audience can also benefit from refinancing options on existing trucks and avail of top-up loans to meet their financial needs. This is making the access to capital needs for truck drivers’ community easy to grow and scale their business. This colla..

Next Story
Resources

Build Capital to Invest Rs 1.5 billion in Navi Mumbai’s RE Market in 2025

Build Capital, an innovative early-stage real estate fund, has completed its maiden investment in the Navi Mumbai market. This investment in Satyam Group’s project is part of Build’s strategy to become a preferred partner in early – stage real estate financing in Mumbai Metropolitan Region (MMR).Build Capital has further announced that it plans to invest close to Rs 1.5 billion (bn) in the Navi Mumbai market out of its total target investments of Rs. 4 bn for the year 2025. Kuldeep Jain, CEO and Co-Founder, Build Capital said, “We are plugging the existing gaps of early-stage financing..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000