+
 Kodambakkam-Poonamallee metro stretch to be ready by June 2024
RAILWAYS & METRO RAIL

Kodambakkam-Poonamallee metro stretch to be ready by June 2024

Chennai Finance Minister Palanivel Thiagarajan told the media that the Chennai metro stretches from Kodambakkam to Poonamallee under corridor-4 to be operational by June 2024 as the Chennai Metro Rail Limited (CMRL) has started work on the second phase.

Metro Rail Project Phase two will span 118.9 km from the city's northern end to the southern end with three corridors — Madhavaram to State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT), Madhavaram to Sholinganallur, and Light House to Poonamallee.

The stretch of Corridor-4 was from Chennai Mofussil bus terminus (CMBT) to the LightHouse earlier. Considering the growing traffic congestion on Arcot road along Virugambakkam and Valasaravakkam, the stretch has been extended till Poonamallee.

It will go through Vadapalani, up to Poonamallee by Porur. From Light House to Meenakshi college, the stretch will have 12 underground stations funded by Asian Development Bank (ADB). From Meenakshi college to Poonamallee, the stretch will have 18 elevated stations, funded by Asian Infrastructure Investment Bank (AIIB).

Recently, CMRL has increased Corridor 4 from Poonamallee bypass to Thirumazhisai satellite township. Poonamallee, is also foreseen to be one of the five depots of the Chennai metro.

Thiagarajan said that work on the first phase extension of 16 km from Chennai airport to Kilambakkam will start soon. This work soon came after, Chief Minister MK Stalin requested for CMRL to take up the Chennai airport-Kilambakkam project soon, which will have 13 stations. It will be constructed solely on Grand Southern Trunk (GST) Road as an elevated stretch.

The government of Tamil Nadu has approved Rs 61,843 crore for Chennai Metro Phase 2. The Government of India (GoI) has suggested providing only 10% cost as a grant instead of providing 15% as share capital.

Image Source


Also read: Chennai Metro: CMRL floats tender to procure 70 driverless trains

Chennai Finance Minister Palanivel Thiagarajan told the media that the Chennai metro stretches from Kodambakkam to Poonamallee under corridor-4 to be operational by June 2024 as the Chennai Metro Rail Limited (CMRL) has started work on the second phase. Metro Rail Project Phase two will span 118.9 km from the city's northern end to the southern end with three corridors — Madhavaram to State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT), Madhavaram to Sholinganallur, and Light House to Poonamallee. The stretch of Corridor-4 was from Chennai Mofussil bus terminus (CMBT) to the LightHouse earlier. Considering the growing traffic congestion on Arcot road along Virugambakkam and Valasaravakkam, the stretch has been extended till Poonamallee. It will go through Vadapalani, up to Poonamallee by Porur. From Light House to Meenakshi college, the stretch will have 12 underground stations funded by Asian Development Bank (ADB). From Meenakshi college to Poonamallee, the stretch will have 18 elevated stations, funded by Asian Infrastructure Investment Bank (AIIB). Recently, CMRL has increased Corridor 4 from Poonamallee bypass to Thirumazhisai satellite township. Poonamallee, is also foreseen to be one of the five depots of the Chennai metro. Thiagarajan said that work on the first phase extension of 16 km from Chennai airport to Kilambakkam will start soon. This work soon came after, Chief Minister MK Stalin requested for CMRL to take up the Chennai airport-Kilambakkam project soon, which will have 13 stations. It will be constructed solely on Grand Southern Trunk (GST) Road as an elevated stretch. The government of Tamil Nadu has approved Rs 61,843 crore for Chennai Metro Phase 2. The Government of India (GoI) has suggested providing only 10% cost as a grant instead of providing 15% as share capital. Image Source Also read: Chennai Metro: CMRL floats tender to procure 70 driverless trains

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

DGTR Proposes Anti-Dumping Duty on Aluminium

The Directorate General of Trade Remedies (DGTR) has proposed imposing an anti-dumping duty of up to Rs.577 per tonne on aluminium frames imported from China, as reported by the Economic Times. This move aims to address concerns about unfair trade practices and protect the domestic aluminium industry from the adverse effects of low-cost imports. The proposed anti-dumping duty comes in response to allegations that Chinese aluminium frames are being sold in the Indian market at prices below fair market value. Such practices are deemed harmful to domestic manufacturers, potentially leading to ma..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Talk to us?