Tamil Nadu Urges Rs.630 Bn Allocation for CMRL Phase II in Budget 2024

28 Jun 2024 CW Team

Tamil Nadu has petitioned the Finance Ministry to allocate ?630 billion in Budget 2024 for Chennai Metro Rail Limited's (CMRL) Phase II expansion. The proposed funding aims to accelerate the development of crucial metro infrastructure in Chennai, addressing urban transit needs and fostering sustainable growth.

CMRL's Phase II project involves the extension of metro lines and the construction of additional stations to enhance connectivity across Chennai metropolitan area. The allocation sought is intended to cover costs associated with civil construction, procurement of rolling stock, and installation of essential metro infrastructure.

The funding request underscores Tamil Nadu's commitment to modernising urban transportation and promoting eco-friendly mobility solutions. Chennai Metro, a vital component of the city's public transit system, is expected to significantly reduce traffic congestion and air pollution while improving travel efficiency for residents and commuters.

The Finance Ministry's decision on the proposed allocation will play a crucial role in determining the timeline and scope of Chennai Metro's Phase II expansion. Stakeholders anticipate positive socio-economic impacts, including job creation, enhanced connectivity, and improved quality of life for Chennai's residents.

As discussions continue, Tamil Nadu remains optimistic about securing necessary budgetary support to expedite CMRL's Phase II implementation. The metro expansion project is poised to contribute to sustainable urban development goals and reinforce Chennai's position as a hub of efficient public transportation in India.

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