TAMIL NADU (Metro Rail News): The Finance Minister of Tamil Nadu, Palanivel Thiaga Rajan, presented the budget for the fiscal year 2023-24 and announced the implementation of Metro Rail projects in Coimbatore and Madurai cities. In Coimbatore, the project will be constructed at an estimated cost of ₹9,000 crore along Avinashi Road and Sathyamangalam Road. Meanwhile, in Madurai, the project will be executed at an estimated cost of ₹8,500 crore to boost development in the southern region.
The Metro Rail in Madurai will connect Thirumangalam to Othakadai and will be constructed underground through the central parts of the city. However, the implementation of the projects in both cities is subject to approval from the Union Government and will be funded by external agencies.
The Finance Minister of Chennai declared that the initial segment of the elevated corridor, which runs from Poonamallee Depot to the Kodambakkam Powerhouse area, is anticipated to be finished by December 2025. The budget has allocated ₹10,000 crore towards the Chennai Metro Rail Project, and work on Phase-II of the project, covering a length of 119 km in three corridors, is in progress at a total cost of ₹63,246 crore.
