The proposed Central Square will come up near the Central railway station here, where various forms of rail transport, long distance, Mass Rapid Transport System and the under construction metro rail were converging, she told the state assembly.
Further it was a key commercial area and the locality housed the government general hospital, Southern Railway headquarters and Corporation of Chennai. It also witnesses severe vehicular traffic congestion, she said.
Therefore, to ensure seamless traffic, government would set up facilities, including parking lots and pavement for pedestrians with funding from Chennai Metropolitan Development Authority, she said.
The estimated funding of about Rs 400 crore for this purpose would be financed by Chennai Metro Rail Corporation, she added.