Chennai Metro to rope in new contractor to complete work on two stations
RAILWAYS & METRO RAIL

Chennai Metro to rope in new contractor to complete work on two stations

For completing the construction of two stations of Chennai Metro along the extension of Phase I of the project, which covers north Chennai, Chennai Metro will be roping in a new contractor. The Phase 1 extension of the project runs from Washermanpet to Wimco Nagar for about 9 km. It is estimated to cost Rs 37.70 billion. The stretch passes through stations including Washermanpet, Korukkupet, Sir Theagaraya College, Tondiarpet, Thangal, Gowri Ashram, Tiruvottiyur and Wimco Nagar.

Reportedly, the construction of Korukkupet and Sir Theagaraya College stations has been delayed. Chennai Metro had given a contract worth Rs 3.70 billion for building Korukkupet and Sir Theagaraya College stations, two years ago, to IL&FS and Ukrainian company PJSC Kyivmetrobud. As the company has been reportedly facing a cash crunch, the construction of the stations had been slowed down.

However, the corporation now wants to speed up the work, for which the corporation has decided to get a new firm on board as a sub-contractor in order to finish the construction work. Reportedly, the corporation has been holding discussions with a private firm to carry out the remaining work and plans are on bring in a new contractor without terminating the contract of IL&FS in order to avoid wasting of time. 

For completing the construction of two stations of Chennai Metro along the extension of Phase I of the project, which covers north Chennai, Chennai Metro will be roping in a new contractor. The Phase 1 extension of the project runs from Washermanpet to Wimco Nagar for about 9 km. It is estimated to cost Rs 37.70 billion. The stretch passes through stations including Washermanpet, Korukkupet, Sir Theagaraya College, Tondiarpet, Thangal, Gowri Ashram, Tiruvottiyur and Wimco Nagar.Reportedly, the construction of Korukkupet and Sir Theagaraya College stations has been delayed. Chennai Metro had given a contract worth Rs 3.70 billion for building Korukkupet and Sir Theagaraya College stations, two years ago, to IL&FS and Ukrainian company PJSC Kyivmetrobud. As the company has been reportedly facing a cash crunch, the construction of the stations had been slowed down.However, the corporation now wants to speed up the work, for which the corporation has decided to get a new firm on board as a sub-contractor in order to finish the construction work. Reportedly, the corporation has been holding discussions with a private firm to carry out the remaining work and plans are on bring in a new contractor without terminating the contract of IL&FS in order to avoid wasting of time. 

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

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