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TN approaches international agencies to fund Kovai, Madurai metro rail workDue to the central government's delay in providing funds for Metro Rail projects in Chennai, Coimbatore, and Madurai, the Tamil Nadu government plans to secure loans from the Asian Infrastructure Investment Bank (AIIB). Officials from the AIIB and CMRL (Chennai Metro Rail Limited) visited Madurai and Coimbatore to assess the projects...
more... before deciding on funding. The state government has already prepared detailed project reports (DPRs) for both projects, with an estimated cost of Rs 10,740 crore for Coimbatore and Rs 11,368 crore for Madurai. The central government has not yet responded to the state's request for 50:50 funding for the second phase of the Chennai Metro project, which is being financed by the state itself. The AIIB representatives will conduct an on-site inspection of the proposed routes and meet with the government's finance department secretary on Friday to make a final decision on funding. Meanwhile, DMK Rajya Sabha MPs P Wilson and Kanimozhi NVN Somu criticized the central government for not allocating funds for the Chennai Metro Rail Phase-II project, despite a previous announcement of Rs 63,000 crore for the project.
Chennai, Coimbatore aur Madurai mein Metro Rail projects ke liye union government se paise nahin milne ke baad, Tamil Nadu government AIIB se loan lene ka plan bana raha hai. AIIB aur CMRL ke officials Coimbatore aur Madurai mein projects ki inspection karne gaye the, funding ka decision lene se pehle....
more... State government ne dono projects ke liye DPRs taiyaar kiye hain, Coimbatore ke liye Rs 10,740 crore aur Madurai ke liye Rs 11,368 crore ka budget hai. Chennai Metro project ke second phase ke liye state ne 50:50 funding ka request kiya tha, lekin central government se koi jawab nahin aaya, isliye state khud funding kar raha hai. AIIB representatives Friday ko government ke finance department secretary se milenge, funding ka final decision lene ke liye. Iske saath hi DMK Rajya Sabha MPs P Wilson aur Kanimozhi NVN Somu ne Chennai Metro Rail Phase-II project ke liye funds allocate na karne pe union government ko criticize kiya hai, pichle saal PM ne project ke liye Rs 63,000 crore allocate karne ka announcement kiya tha.
