CHENNAI (Metro Rail News): M K Stalin, the chief minister of Tamil Nadu, inaugurated the construction of tunnel under the second phase of the Chennai Metro Rail project at Madhavaram Milk Colony on 14th October.
The State government has approved the construction of three metro rail corridors for a length of 118.9 kilometres under Phase II of the Chennai Metro Rail project.
The corridors 3 and 4 from Lighthouse to Poonamalle Bypass (26.1 km) and corridor 5 from Madhavaram to Sholinganallur (45.8 km each) make up the 128-station Phase II extension (47 km).
The project is expected to cost Rs 63,246 crore. The plan is under process and approved by Central government. By the end of 2026, the project is proposed to be finished.
Funding for a portion of Chennai Metro Rail in Phase II i.e. for 52.01 km – from Madhavaram – Sholinganallur of Corridor 3 and Madhavaram – CMBT of Corridor 5 has been tied up with the Japan International Cooperation Agency (JICA) as State Sector Project, a release said.
The finance of the remaining 66.89 km stretch through multilateral banks such as the Asia Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and New Development Bank (NDB) has been given clearance in principle.
