Asian Infrastructure Investment Bank approves funds for Corridor IV of Chennai Metro Phase II

The Asian Infrastructure Investment Bank has approved funds worth Rs 26.49 billion for Corridor IV of the Chennai Metro Rail Project Phase-II. The Chennai Metro Phase II project involves the development of three metro corridors (Corridor III, IV and V), covering 118.9 km, in Chennai at an estimated cost of Rs 632.46 billion. It is mostly underground, with the elevated sections confined to a few short stretches, and consists of 128 stations in total. Work on Corridors I and II has been completed under Chennai Metro Phase-I.

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