Chennai Monorail Gets Centre’s Conditional Approval

Source:  www.newindianexpress.com

CHENNAI:  The monorail dream of Chennaites would soon be realized with Union Urban Development Ministry giving conditional approval for the first phase of Chennai Monorail Project worth Rs 3,267 crore.

The Ministry of Urban Development has accorded ‘In-principle’ approval to the Government of Tamil Nadu for taking up the 20.68 km Project linking  Poonamalle and Kathipara with a link from Porur to Vadapalani.

As per the approval accorded last week, the project would be implemented under ‘Design, Build, Finance, Operate and Transfer (DBFOT)’ model with entire funding from the state government or state agencies or under public private partnership without any financial support from the Government of India.

Interestingly, the Centre has put forth conditions for approval. These include that the state would ensure price based measures to promote ridership as part of an integrated traffic rationalization plan for the city to ensure ridership. More info

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