The Indian state government will use a Rs 100 billion ($1.4 billion) loan from the Beijing-based Asian Infrastructure Investment Bank (AIIB) to fund portions of corridors four and five of Chennai Metro’s phase two and a stretch of the peripheral ring road.
The Chennai metro rail has also elected the three engineering consultancies Japan’s Nippon Koei, Aarvee Associates, and Balaji Railroad Systems contracts to provide the first sections work of 52 kilometers (32 miles) of phase two which costs Rs 3.5 billion ($49 million).
The contractor will undertake the initial section of the 52 kilometers of work for construction, and after that a further section of the project will be constructed, which is nearly half of the complete phase two, which is 119 kilometers (84 miles). Some of the mandates that all three consultancies will advise on the construction of two CMRL Corridors. The 52-kilometer metro rail line covers rail route from Madhavram to Sholinganallur and also Ma
