CHENNAI (Metro Rail News): Chennai Metro Rail Project progressed as the Asian Development Bank (ADB) has approved a loan of USD 240 million for Phase 2 of Chennai Metro.
This funding represents the second tranche of the Chennai Metro Rail Investment Project. It forms part of the Asian Development Bank’s (ADB) USD 780 million multitranche financing facility which was approved in 2022. It follows an initial USD 350 million loan under the first tranche.
Phase 2 of the Chennai Metro spans 118.9 km and consists of three new metro corridors.
| Line | Route | Elevated Length | Underground Length | Total Length |
| Line 3 ( Purple Line) | Madhavaram – SIPCOT 2 | 19.1 km | 26.7 km | 45.8 km |
| Line 4 (Orange Line) | Light House – Poonamallee Bus Depot | 16 km | 10.1 km | 26.1 km |
| Line 5 (Red Line) | Madhavaram – Sholinganallur | 41.2 km | 5.8 km | 47 km |
The second tranche will fund key segments of Chennai Metro Phase 2 lines 3, 4, and 5, spanning approximately 20 km of elevated and underground corridors.
As per the ADB Press Release, the funding will support civil and system works on the elevated Sholinganallur–SIPCOT-2 section of line 3, the underground Lighthouse–Kodambakkam stretch of line 4, and major system components for line 5, including power supply, traction and telecommunications.
ADB Country Director for India Mio Oka mentioned “ This project will deliver safer, faster, and more reliable daily travel in Chennai while advancing the city’s low-carbon development goals,”.
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Chennai Metro should consider linking of Hosur and Bangalore Metro