Cabinet allocates Rs 632.46 billion to Chennai Metro Phase II
RAILWAYS & METRO RAIL

Cabinet allocates Rs 632.46 billion to Chennai Metro Phase II

The Union Cabinet has approved the second phase of the Chennai Metro Rail Project, allocating Rs 632.46 billion for its development. Phase II will feature three corridors spanning 118.9 kilometers, covering 128 stations, according to an official statement.

Additionally, the Cabinet has sanctioned a Productivity Linked Bonus (PLB) of Rs 20.28 billion for 78 days to 117.2 million railway employees. Alongside this, a revised Productivity Linked Reward (PLR) scheme for major port and dock labour board employees has also been approved.

Union Minister for Railways, Information & Broadcasting, and Information Technology, Ashwini Vaishnaw, emphasised the need for expanded infrastructure in Chennai, noting that the city's population is projected to rise to 18 million by 2048, up from 12 million in 2026. The new metro corridors will connect the North-South and East-West parts of Chennai, bringing the total metro network to 173 km once Phase II is complete.

Regarding the PLB for railway employees, the maximum bonus payable is Rs 17,951 for 78 days, benefiting Group C staff including track maintainers, loco pilots, train managers, station masters, supervisors, technicians, helpers, pointsmen, and ministerial staff. The disbursement is expected before the upcoming Durga Puja or Dusshera holidays.

The modified PLR scheme for port workers, valid from 2020-21 to 2025-26, aligns with an agreement between the Bipartite Wage Negotiation Committee and the Indian Port Association. The scheme aims to enhance efficiency and competitiveness among major ports.

The Cabinet also approved India's entry into the International Energy Efficiency Hub, positioning the country alongside other major members such as Argentina, Australia, Brazil, Canada, China, Denmark, and Japan. (ET)

The Union Cabinet has approved the second phase of the Chennai Metro Rail Project, allocating Rs 632.46 billion for its development. Phase II will feature three corridors spanning 118.9 kilometers, covering 128 stations, according to an official statement. Additionally, the Cabinet has sanctioned a Productivity Linked Bonus (PLB) of Rs 20.28 billion for 78 days to 117.2 million railway employees. Alongside this, a revised Productivity Linked Reward (PLR) scheme for major port and dock labour board employees has also been approved. Union Minister for Railways, Information & Broadcasting, and Information Technology, Ashwini Vaishnaw, emphasised the need for expanded infrastructure in Chennai, noting that the city's population is projected to rise to 18 million by 2048, up from 12 million in 2026. The new metro corridors will connect the North-South and East-West parts of Chennai, bringing the total metro network to 173 km once Phase II is complete. Regarding the PLB for railway employees, the maximum bonus payable is Rs 17,951 for 78 days, benefiting Group C staff including track maintainers, loco pilots, train managers, station masters, supervisors, technicians, helpers, pointsmen, and ministerial staff. The disbursement is expected before the upcoming Durga Puja or Dusshera holidays. The modified PLR scheme for port workers, valid from 2020-21 to 2025-26, aligns with an agreement between the Bipartite Wage Negotiation Committee and the Indian Port Association. The scheme aims to enhance efficiency and competitiveness among major ports. The Cabinet also approved India's entry into the International Energy Efficiency Hub, positioning the country alongside other major members such as Argentina, Australia, Brazil, Canada, China, Denmark, and Japan. (ET)

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement