ADB approves $780 million loan to expanded in Chennai Metro network

 

• ADB announced that the project will expand Chennai's metro rail system to provide a safe and integrated transportation solution

With an aim to build new lines and improve connectivity of metro rail services in Chennai with the city's existing bus and feeder services, the Asian Development Bank (ADB) on Thursday approved a $780 million multi-tranche financing facility (MFF). Gave it

"This project will expand Chennai's metro rail system to provide a safe and integrated transportation solution needed to improve urban mobility and make the city livable," said Andrey Heriavan, ADB's Senior Transportation Specialist for South Asia. "

"By promoting a shift to less greenhouse-gas-emitting metro systems, it will also benefit climate change mitigation and improve resilience to climate change through appropriate design elements," the senior official said.

International organization committed to achieving a prosperous, inclusive, resilient and sustainable Asia and Pacific has awarded an additional $1 million Technical Assistance (TA) grant to assist Chennai Metro Rail Limited with planning and management of a multimodal metro system also announced. integration.

Additional technical support will ensure identification of first- and last-mile connectivity requirements and explore opportunities for transit-oriented development to enhance revenue through land value capture.

“The project will construct 10.1 kilometer (km) of elevated section between Sholinganallur to State Industries Promotion Corporation of Tamil Nadu-2, including 9 metro stations and system components; 10 km of underground section between Lighthouse and Meenakshi College with 9 stations; and 31 km between Chennai Mofussil Bus Terminus to Okkiyam Thoraipakkam system components, such as electrical, mechanical, power and telecommunication infrastructure," ADB said in a press release.

The stations will include disaster- and climate-resilient features and will be responsive to the needs of the elderly, women, children, differently-abled and transgender people.

The Asian Development Bank also informed that multimodal interchanges and facilities such as drop-off and pick-up areas, sheltered waiting areas, cycle facilities and passenger information will be set up along the metro rail corridor to improve the user experience.