Tamil Nadu government today said that a part of the 43 km-long Chennai monorail project is proposed to be taken up under Public Private Partnership (PPP) mode at an estimated project cost of Rs 3,267 crore.
Transport Minister M R Vijayabhaskar informed the Tamil Nadu Assembly that Poonamallee-Kathipara with a link from Porur to Vadapalani (20.68 km) "is proposed to be implemented under the Public Private Partnership".
It is proposed to be implemented under the PPP mode on "Design, Build, Finance, Operate and Transfer basis with an estimated project cost of Rs 3,267 crore," he said.
Further, the Vandalur to Velachery stretch of 22.80 km is proposed to be taken up under multilateral funding at an estimated project cost of Rs 3135.63 crore, he said, adding, a proposal has been sent to the Centre in this regard.
Vijayabhaskar said that though the 43.48 km Chennai monorail scheme was announced by Chief Minister J Jayalalithaa in 2006, the subsequent DMK government had, however, put it in "cold storage".
Disclaimer: No Business Standard Journalist was involved in creation of this content
