The Asian Infrastructure Investment Bank (AIIB) is loaning $356.67 million to the government of India to support the expansion of the Chennai metro rail system.
The project involves the construction of a new corridor in Chennai’s metro network, as part of Chennai Metro Rail Phase 2. It will ensure seamless multimodal transport across Chennai by providing integrated access to suburban rail, bus stations and the city’s main airport.
In addition, the project will address traffic bottlenecks and reduce greenhouse gas emissions by increasing public urban transport options, according to AIIB.
The project’s design and construction will have environmentally friendly features to help reduce its carbon footprint, such as solar panels on the roofs of the elevated stations, and dedicated spaces for bicycles and green vehicles.
“This project is aligned with AIIB’s mandate to support high-quality and sustainable infrastructure,” said D. J. Pandian, vice pre
