Funding Hurdles Delay Airport-Kilambakkam Project
RAILWAYS & METRO RAIL

Funding Hurdles Delay Airport-Kilambakkam Project

The proposed Airport-Kilambakkam project for Chennai Metro Rail's Phase 2 is facing significant delays, primarily due to a lack of funding. The State government has been actively funding the Phase 2 project of Chennai Metro Rail, which is a substantial undertaking with an estimated cost of Rs 618.43 billion. As a result, allocating additional funds for the Airport-Kilambakkam project has become a challenging proposition.

Chennai Metro Rail Ltd. (CMRL) had submitted a detailed project report for extending the metro line from Chennai airport to Kilambakkam last year. This proposed extension covers a distance of approximately 15.3 km and includes stops at key locations such as Pallavaram, Kothandam Nagar, Chromepet, Mahalakshmi Colony, Thiru Vi Ka Nagar, Tambaram, Irumbuliyur, Peerkankaranai, Perungalathur, Vandalur, Arignar Anna Zoo, and Kilambakkam Bus Terminus. The estimated cost for this extension was projected at Rs 40.80 billion.

While the Phase 2 project was duly submitted to the central government for approval and funding, CMRL has not received any response or commitment of funds to date. It's worth noting that the State government has been the primary source of funding for the Phase 2 project thus far.

Given the financial constraints faced by the State government and the extensive commitments associated with Phase 2, securing additional funds for the Airport-Kilambakkam project has become a complex and challenging task. As a result, the project has been temporarily put on hold, with no immediate plans for its initiation.

It's important to consider that even if the project were to receive approval and funding, there would be additional challenges related to land acquisition and construction. These factors could further extend the timeline for completing the project, potentially spanning several years from initiation to completion.

In conclusion, while the Airport-Kilambakkam project remains a viable and valuable addition to Chennai's metro network, it currently faces significant delays and uncertainties due to financial limitations and the broader commitments associated with Chennai Metro Rail's Phase 2 project.

The proposed Airport-Kilambakkam project for Chennai Metro Rail's Phase 2 is facing significant delays, primarily due to a lack of funding. The State government has been actively funding the Phase 2 project of Chennai Metro Rail, which is a substantial undertaking with an estimated cost of Rs 618.43 billion. As a result, allocating additional funds for the Airport-Kilambakkam project has become a challenging proposition. Chennai Metro Rail Ltd. (CMRL) had submitted a detailed project report for extending the metro line from Chennai airport to Kilambakkam last year. This proposed extension covers a distance of approximately 15.3 km and includes stops at key locations such as Pallavaram, Kothandam Nagar, Chromepet, Mahalakshmi Colony, Thiru Vi Ka Nagar, Tambaram, Irumbuliyur, Peerkankaranai, Perungalathur, Vandalur, Arignar Anna Zoo, and Kilambakkam Bus Terminus. The estimated cost for this extension was projected at Rs 40.80 billion. While the Phase 2 project was duly submitted to the central government for approval and funding, CMRL has not received any response or commitment of funds to date. It's worth noting that the State government has been the primary source of funding for the Phase 2 project thus far. Given the financial constraints faced by the State government and the extensive commitments associated with Phase 2, securing additional funds for the Airport-Kilambakkam project has become a complex and challenging task. As a result, the project has been temporarily put on hold, with no immediate plans for its initiation. It's important to consider that even if the project were to receive approval and funding, there would be additional challenges related to land acquisition and construction. These factors could further extend the timeline for completing the project, potentially spanning several years from initiation to completion. In conclusion, while the Airport-Kilambakkam project remains a viable and valuable addition to Chennai's metro network, it currently faces significant delays and uncertainties due to financial limitations and the broader commitments associated with Chennai Metro Rail's Phase 2 project.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?