New Delhi, June 1 (IANS) The union cabinet under the chairmanship of Prime Minister Narendra Modi on Wednesday gave its ex post facto approval to the proposal for phase 1 of Chennai Metro Rail project.
The 9-km Metro line will run from Wahsermen to Wimconagar and cost Rs.3,770 crore.
It will carry an estimated 1.6 lakh passengers per day in the first year of operation after completion by March 2018.
The project will be jointly executed by the central and state governments, with the Centre’s share of Rs 713 crore and Tamil Nadu government’s Rs 916 crore. The balance of Rs 2,141 crore will be met by loans.
The share of the state government also includes cost of land and rehabilitation and resettlement of affected people, costing Rs 203 crore.