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.

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..