| Project Detail |
OBJECTIVE
The objective of the proposed Project is to provide increased capacity and efficiency of north-south mass transit connectivity through the center of Chennai.
DESCRIPTION
The Project consists of construction of 26 km of elevated viaduct and 24 elevated stations and provision of related equipment and related facilities, for the balance corridor 5 portion of the north-south mass transit system in Chennai.
The following Project components will be financed by AIIB:
Component A: Construction of 26 km of elevated viaduct.
Component B: Construction of 24 elevated stations.
Component C: Utility Management.
Other components of this Project include:
Traction and power supply, track work, and telecommunication, electrical and mechanical works, which would be financed by Asian Development Bank (ADB); and
Signaling, lift and escalators, permanent way, platform screen doors, physical security instruments, land acquisition, resettlement and rehabilitation and environmental related costs, which would be financed from counterpart funds by the Government of Tamil Nadu (GoTN).
Total Project cost is expected to be USD708.64 million with AIIB financing USD438.75 million, the GoTN contributing USD155.88 million, and ABD financing USD114.1 million. This budget will be updated during project preparation, to reflect land acquisition, resettlement and rehabilitation costs.
The Project is related to another AIIB-financed project (000301 India: Chennai Metro Rail Phase 2 Project- Corridor 4), currently under preparation (Corridor 4 Project), which seeks to provide high capacity and efficient east-west connectivity through the center of Chennai by expanding the citys metro system, and for which co-financing by NDB and ADB is being considered. |
