| Project Detail |
The Chennai Metro Rail Investment Project will contribute in the expansion of the existing metro rail network in Chennai, the capital city of Tamil Nadu, a state on the south-east coast of India. The investment project will develop Lines 3 and 4, connecting the central area of Chennai to key points in the south and west of the city. The first tranche will cover the initial stage of civil works related to underground tunneling and stations along the Line 4 corridor, and the construction of viaducts along the Line 3 corridor. Other contracts related to establishment of stabling depot, staff quarters, electrical and mechanical components, and other system packages will be procured subsequently. It will also include planning activities on urban renewal and livability improvement through the attached TA. The remaining tranches will gradually finance the contracts as they progress, and the periodic financing requests will be issued based on disbursement projections.
Project Name Chennai Metro Rail Investment Project - Tranche 1
Project Number 52234-002
Country / Economy India
Project Status Approved
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan 4273-IND: Chennai Metro Rail Investment Project - Tranche 1
Ordinary capital resources US$ 350.00 million
Loan: Chennai Metro Rail Investment Project - Tranche 1
New Development Bank US$ 347.00 million
Asian Infrastructure Investment Bank US$ 795.00 million
TA 10031-IND: Enhancing Urban Mobility and Livability of the Chennai Metropolitan Area
Technical Assistance Special Fund US$ 1.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Partnerships
Sector / Subsector
Transport / Urban public transport
Gender Equity and Mainstreaming Effective gender mainstreaming
Description The Chennai Metro Rail Investment Project will contribute in the expansion of the existing metro rail network in Chennai, the capital city of Tamil Nadu, a state on the south-east coast of India. The investment project will develop Lines 3 and 4, connecting the central area of Chennai to key points in the south and west of the city. The first tranche will cover the initial stage of civil works related to underground tunneling and stations along the Line 4 corridor, and the construction of viaducts along the Line 3 corridor. Other contracts related to establishment of stabling depot, staff quarters, electrical and mechanical components, and other system packages will be procured subsequently. It will also include planning activities on urban renewal and livability improvement through the attached TA. The remaining tranches will gradually finance the contracts as they progress, and the periodic financing requests will be issued based on disbursement projections.
Project Rationale and Linkage to Country/Regional Strategy The Chennai Metropolitan Areas (CMAs) rapid population increase coupled with strong economic growth are bringing about tremendous pressure to improve basic urban infrastructure and facilities, including to meet the increasing demand for urban mobility. The high level of urbanization in the CMA has contributed to the expansion of the urban areas towards suburban regions. Significant land use changes from agricultural areas into industrial and residential areas have been observed along major corridors. This urban expansion has consequently increased the average travel distance to the central region, prompting the need for a fast and convenient way of travel, particularly for business and commuting trips which account for more than 80% of total trips in the CMA.
Impact
Urban mobility and livability in the Chennai Metropolitan Area improved |
