📋 Tender Overview
Project Status: Active
Source of Funding / Amount: Loan 4273-ind: chennai metro rail investment project - tranche 1
Ordinary capital resources: US$ 350.00 million
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.
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.
Urban mobility and livability in the chennai metropolitan area improved
Access to and connectivity of public transport in the chennai metropolitan area improved
New metro lines completedmultimodal and land use integration improvednon-farebox revenue mechanism strengthened
Sector / Subsector: Transport / urban public transport
MRM: 24 oct 2022
08 dec 2022
Last PDS Update: 09 dec 2022
