ADB Approves USD 240 Million Loan For Chennai Metro Expansion

17 Dec 2025 CW Team

The financing forms part of ADB’s USD 780 million multitranche financing facility approved in 2022 and follows the initial USD 350 million loan under the first tranche. The latest tranche will support key sections of Metro Lines 3, 4 and 5, covering around 20 kilometres of elevated and underground corridors and the construction of 18 new stations equipped with universal access features and disaster-resilient infrastructure to ensure service continuity during extreme weather events.

“This project will deliver safer, faster and more reliable daily travel in Chennai while advancing the city’s low-carbon development goals,” said Mio Oka, ADB Country Director for India. She added that continued collaboration would help expand metro connectivity and strengthen the capacity of Chennai’s metro and suburban rail systems to meet rising mobility demand.

Under Tranche 2, ADB will fund civil and system works for the elevated section of Line 3 between Sholinganallur and SIPCOT-2, the underground section of Line 4 between Lighthouse and Kodambakkam, and key system components for Line 5, including power supply, traction and telecommunications. The tranche will also support upgrades to multimodal interchange areas to enable smoother transfers between metro services, buses, bicycles and other last-mile transport options.

Beyond physical infrastructure, the project aims to enhance inclusive station design, improve travel safety for women and vulnerable users, and support measures to increase non-fare revenues, strengthening the long-term financial sustainability of the metro system. Construction under this tranche is targeted for completion by mid-2028.

ADB is a leading multilateral development bank supporting inclusive, resilient and sustainable growth across Asia and the Pacific, working with its members and partners to deliver quality infrastructure and long-term development outcomes.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Asian Development Bank (ADB) has approved a USD 240 million loan as the second tranche of the Chennai Metro Rail Investment Project to support network expansion and deliver cleaner, safer and more reliable urban transport across the Chennai Metropolitan Area. The financing forms part of ADB’s USD 780 million multitranche financing facility approved in 2022 and follows the initial USD 350 million loan under the first tranche. The latest tranche will support key sections of Metro Lines 3, 4 and 5, covering around 20 kilometres of elevated and underground corridors and the construction of 18 new stations equipped with universal access features and disaster-resilient infrastructure to ensure service continuity during extreme weather events. “This project will deliver safer, faster and more reliable daily travel in Chennai while advancing the city’s low-carbon development goals,” said Mio Oka, ADB Country Director for India. She added that continued collaboration would help expand metro connectivity and strengthen the capacity of Chennai’s metro and suburban rail systems to meet rising mobility demand. Under Tranche 2, ADB will fund civil and system works for the elevated section of Line 3 between Sholinganallur and SIPCOT-2, the underground section of Line 4 between Lighthouse and Kodambakkam, and key system components for Line 5, including power supply, traction and telecommunications. The tranche will also support upgrades to multimodal interchange areas to enable smoother transfers between metro services, buses, bicycles and other last-mile transport options. Beyond physical infrastructure, the project aims to enhance inclusive station design, improve travel safety for women and vulnerable users, and support measures to increase non-fare revenues, strengthening the long-term financial sustainability of the metro system. Construction under this tranche is targeted for completion by mid-2028. ADB is a leading multilateral development bank supporting inclusive, resilient and sustainable growth across Asia and the Pacific, working with its members and partners to deliver quality infrastructure and long-term development outcomes.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..