Centre looks for Japanese support for Rs 5,740 Crore TN mono rail
E M Sudarsana Natchiappan, the Union minister of state for Commerce & Industry had said that the Centre had initiated a dialogue with Japan to support the monorail project in Tamil Nadu.
The minister, giving further details, said the Centre had requested the Japan International Cooperation Agency (Jica), a governmental agency of Japan, to fund the project. Mr. Natchiappan said, “They (Jica) have asked for a project report, for which, we asked the Tamil Nadu government to prepare and submit a detailed project report. It is now with the state to fast track the project.”
Tamil Nadu had approached the Centre for funding the Rs 5,740-crore monorail project in Chennai. It may also be noted that the Japanese agency is funding the state’s biggest infrastructure project, the Rs 20,000-crore Chennai metro rail project.
The minister was talking on the sidelines of an event, where agreements worth around Rs 5,782 crore were signed by Kamarajar Port with Indian Oil Corporation Ltd, Adani Ports and SEZ Ltd. Recently, state Metropolitan Transport Corporation (Chennai) Ltd (MTC) had called for the request for qualification (RFQ) to bring out a detailed scope of work, eligibility criteria, feasibility report, ridership estimation report, MTC bus passenger data and others.
The project would be taken up through public, private partnership (PPP) model and have an estimated length of the project is 20.68-km and will be built on a design, build, finance operate and transfer (DBFOT) basis.
The project is planned to run between Poonamallee to Kathipara, with a link from Porur to Vadapalani.
The route course is Poonamallee-Karayanchavadi-Kumananchavadi-Iyyanapthangal-Sri Ramachandra Medical College-Porur Lake-Porur-Mugalivakkam-Ramapuram-Nandhambakkam-Kathipara Junction and a link from Porur Lake to Arcot Road-Valasaravakkam-Alwar Thirunagara-Virugambakkam-Vadapalani.
The Jayalalithaa-led AIADMK, after coming to power in 2011, announced it would implement a Rs 16,650-crore monorail project for Chennai.
The project will be implemented for the entire distance in a restructured form. Initially, the work will be taken up in the first three corridors and post that, the work will be taken up in the fourth corridor.
Source: Business Standard
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