ADB approves $780 million loan to expand Chennai metro network

12 Dec 2022 CW Team

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.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..