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News Entry# 537080
Jan 10 (21:10) Chennai Metro Phase-II Gets Rs 450 Crore Loan from SBI, Awaits Union Approval (www.news18.com)
Metro
CMRL/Chennai Metro
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News Entry# 537080   
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read full article... Chennai Metro: Rs 450 Crore Boost for Phase-II Expansion and 30 New Train Cars

The Chennai Metro Rail Phase-II (Koyambedu-Sipcot) project, worth Rs 61,843 crore, is receiving a Rs 450 crore loan from State Bank of India (SBI). This loan will be used for Phase-II construction and the purchase of 30 train cars. This is the first time CMRL is partnering with a commercial bank....
more...
The project, though funded by the state government for two years, is still awaiting approval from the Union Government. Meanwhile, Phase-II work is progressing, including tunnel construction under the Adyar River.

Chennai Metro Rail Phase-II (Koyambedu-Sipcot) project, Rs 61,843 crore ka, State Bank of India (SBI) se Rs 450 crore ka loan mil raha hai. Yeh loan Phase-II construction aur 30 train cars kharidne mein use kiya jaayega. Yeh pehli baar hai jab CMRL ek commercial bank ke saath partner ho raha...
more...
hai. Project, halanki do saal se state government dwara fund kiya ja raha hai, par union government se approval abhi tak nahi mila hai. Iske saath hi, Phase-II ka kaam chal raha hai, jisme Adyar River ke neeche tunnel banaya ja raha hai.
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