The project involves the construction of a new corridor in Chennai’s metro network as part of Chennai Metro Rail Phase 2. AdvertisementCHENNAI (Metro Rail News): The Asian Infrastructure Investment Bank (AIIB) has approved loan amounting to USD356.67 million to assist in the expansion of the Chennai Metro Rail System. According to AIIB, the project involves the construction of a new corridor in Chennai’s metro network as part of Chennai Metro Rail Phase 2. In addition, the project will address traffic bottlenecks and reduce greenhouse gas emissions by increasing public urban transport options. The improvement and integration of the transport sector in Chennai will further promote trade and economic growth,” said AIIB Vice President, Investment Operations, D. J. Pandian.

Source: MetroXpress September 30, 2021 17:01 UTC