Chennai: Sources with Chennai Metro Rail Limited (CMRL) suggests that the metro body will not wait for center’s approval for Phase II work. They are likely to kick-start the project as soon as the first tranche of a loan from the Japan International Cooperation Agency (JICA) is disbursed.
CRML is confident about starting construction work for Phase II. The first tranche loan from JICA will meet the requirement. In case of shortage of fund, the state government will pitch in.
As per the procedure, there are two levels of approvals required to begin one. The first level is needed before approaching JICA that permission has already been given by the center. Then there is the second level of approval needed to begin work. The CMRL will not have to wait for this approval once JICA releases the funds. The Metro officials are hopeful that JICA will send in final sanction within a month or two.
Once CMRL receives funds from CMRL, they will start the construction work.
CMRL will proceed with Phase II work as it had to wait for years to get center’s approval to start Phase I extension work. This includes 9 Km of North Chennai alone from Washermanpet to Wimco Nagar. Though the state government gave its approval in 2010, the center’s nod came only in 2016.
CMRL’s Phase II project is to be constructed on an estimated cost of ₹80,000 crore. A major part of it will be funded by JICA and the rest of it will be funded from State and Central government.
Chennai Metro official feels that by the time JICA’s fund will exhaust, they will have state support to carry on. It, therefore, projects that there will not be many hiccups during the construction phase.
The Phase II will run for about 108 km and will have 116 Chennai Metro stations. There are three corridors planned as part of the second phase. These include:
• Madhavaram to Siruseri
• CMBT to Light House
• Madhavaram to Shollinganallur
This is a mammoth project and will connect almost every part of the city. CMRL has already started soil testing in various parts of the city. They will also start planning and designing for all the three corridors.