• search
For Chennai Updates
Allow Notification  

Chennai metro is yet to receive Central funds

By Nitsi

Tamil Nadu map
New Delhi, Aug 26: Central Funds have not been released in 2010 for the railway network built in Chennai by Chennai Metro Rail as the State government has not signed the Memorandum of Understanding, the Rajya Sabha was informed on Thursday, Aug 26.

Responding to supplementaries in Question Hour, Minister of State for Urban Development Saugata Roy said Chennai Metro is a special purpose vehicle which is funded by the State government and the Central government.

The Union government has allocated Rs. 652 crore for Chennai Metro in 2010-11 but funds will be released after signing MoU, he said.

“We urge the Tamil Nadu government to sign the MoU so that the Government of India can release funds," he said.

For the past three years, the Centre has given Rs. 152.79 crore to the project while the State government has contributed Rs. 1,050 crore.

“The total funds utilised so far for this project is Rs. 306.24 crore as on Jul 31, 2010," he said adding the project is scheduled for completion by 2015.

OneIndia News

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more