Urban Development Ministry accords ‘In-principle’ approval for Chennai Monorail

By Accommodation Times News Services

The 20.68 km Project costing Rs.3,267 cr to be taken up under DBFOT model

monorailThe Ministry of Urban Development has accorded ‘In-principle’ approval to the Government of Tamil Nadu for taking up the Chennai Monorail Project (CMP) Phase-1.

Under the project, Monorail services will be provided between Poonamalle and Kathipara with a link from Porur to Vadapalani with a total length of 20.68 km. with an estimated cost of Rs.3,267 cr. 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/State Government agencies/ PPP Partner without any financial support from the Government of India.

The conditions stipulated include :

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