No funds from Centre for Phase 2 of Metro
RAILWAYS & METRO RAIL

No funds from Centre for Phase 2 of Metro

In light of financial constraints plaguing the Chennai Metro Rail's Phase 2 project, sources have indicated that the proposed Airport - Kilambakkam expansion is unlikely to proceed at this time. The project, which had garnered attention for its potential to enhance connectivity, has been temporarily halted due to a lack of funding, with plans for its eventual resumption in the future.

Sources familiar with the situation have cited the State government's existing commitment to funding the Chennai Metro Rail's Phase 2 project as a primary reason for the delay in taking up the Airport - Kilambakkam project. With the financial resources already allocated to the ongoing Phase 2 endeavor, investment in the new expansion has become challenging.

While Chennai Metro Rail's Phase 1 and its Phase 1 extension have successfully covered 54 kilometers of the city and have been operational for several years, Phase 2, spanning an extensive 116 kilometers, is currently under construction with an estimated cost of 761,843 crore.

Last year, Chennai Metro Rail Ltd. (CMRL) submitted a detailed project report outlining the extension of the metro line from Chennai airport to Kilambakkam to the State government. This proposed 15.3-kilometer extension would pass through various key locations, including Pallavaram, Kothandam Nagar, Chromepet, Mahalakshmi Colony, Thiru Vi Ka Nagar, Tambaram, Irumbuliyur, Peerkankaranai, Perungalathur, Vandalur, Arignar Anna Zoo, and Kilambakkam Bus Terminus, with an estimated cost of $4,080 crore.

While the financial challenges persist, the fate of the Airport - Kilambakkam project remains uncertain, pending potential future funding and developments.

In light of financial constraints plaguing the Chennai Metro Rail's Phase 2 project, sources have indicated that the proposed Airport - Kilambakkam expansion is unlikely to proceed at this time. The project, which had garnered attention for its potential to enhance connectivity, has been temporarily halted due to a lack of funding, with plans for its eventual resumption in the future. Sources familiar with the situation have cited the State government's existing commitment to funding the Chennai Metro Rail's Phase 2 project as a primary reason for the delay in taking up the Airport - Kilambakkam project. With the financial resources already allocated to the ongoing Phase 2 endeavor, investment in the new expansion has become challenging. While Chennai Metro Rail's Phase 1 and its Phase 1 extension have successfully covered 54 kilometers of the city and have been operational for several years, Phase 2, spanning an extensive 116 kilometers, is currently under construction with an estimated cost of 761,843 crore. Last year, Chennai Metro Rail Ltd. (CMRL) submitted a detailed project report outlining the extension of the metro line from Chennai airport to Kilambakkam to the State government. This proposed 15.3-kilometer extension would pass through various key locations, including Pallavaram, Kothandam Nagar, Chromepet, Mahalakshmi Colony, Thiru Vi Ka Nagar, Tambaram, Irumbuliyur, Peerkankaranai, Perungalathur, Vandalur, Arignar Anna Zoo, and Kilambakkam Bus Terminus, with an estimated cost of $4,080 crore. While the financial challenges persist, the fate of the Airport - Kilambakkam project remains uncertain, pending potential future funding and developments.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

EMO Energy and e-Sprinto to Deploy 8,000 Electric Scooters

EMO Energy has announced a partnership with electric two-wheeler maker e-Sprinto to deploy 8,000 electric scooters across India this financial year. The rollout will include both low-speed and high-speed models and will be phased across several cities. The scooters will be aimed at quick-commerce and last-mile delivery operations where uptime and energy efficiency are prioritised. EMO Energy said the scooters will use its patented ZenPac liquid-cooled battery platform with active thermal management, battery intelligence and energy optimisation to improve reliability and performance. ZenPac con..

Next Story
Infrastructure Energy

Octillion Opens Third EV Battery Plant in India

Octillion Power Systems has opened its third manufacturing facility in Halol, Gujarat, adding production capacity as demand for electric vehicle battery systems grows across passenger, commercial and public transport segments. The facility covers more than 13,000 square metres and was converted from an empty structure into an operational battery manufacturing plant in less than eight months. At full capacity the Gujarat plant will manufacture more than 48,000 battery systems annually, representing over three GWh of energy storage capacity. With the addition of the Halol facility Octillion's co..

Next Story
Real Estate

Land Reforms Could Unlock Urban Affordable Housing

Former cabinet secretary and NITI Aayog member Rajeev Gauba said India’s urban housing shortage could be tackled by unlocking 10 million (mn) vacant homes and using excess unutilised land held by public sector undertakings (PSUs). He said land availability lay at the heart of the problem and estimated that land accounted for as much as 50 to 70 per cent of total project cost. He urged states to waive land?use change fees and exempt stamp duty on land and transactions linked to affordable housing. He noted that urban population was projected to rise from 500 million to nearly 900 million by 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement