ADB approves $780 mn loan for Chennai’s metro rail network : The Asian Development Bank (ADB) has approved a $780 million loan to build new lines and improve the connectivity of Chennai’s metro rail system with existing bus and feeder services. “This project will expand Chennai’s metro rail system to provide a safe and integrated transport solution essential in improving urban mobility and make the city more livable,” said ADB Senior Transport Specialist for South Asia, Andri Heriawan.
December 2022 Current Affairs Quiz
Focus: Improve the network’s connectivity with bus and feeder services.
The project will construct an elevated section between Sholinganallur to SIPC, underground section between Lighthouse and Meenakshi College and system component (between Chennai Mofussil Bus Terminus to Okkiyam Thoraipakkam).
The project will construct 10.1 kilometers (km) of the elevated section between Sholinganallur to State Industries Promotion Corporation of Tamil Nadu-2, including 9 metro stations and system components. Another 10 km of the underground section between Lighthouse and Meenakshi College including 9 stations; and 31 km of system components, such as electrical, mechanical, power, and telecommunication infrastructure, between Chennai Mofussil Bus Terminus to Okkiyam Thoraipakkam will also be funded by the ADB loan.
The ADB was established in 1966.
ADB Members: 68
