Nov 20, 2014 / Times of India
CHENNAI: The Union ministry of urban development has approved the Chennai monorail project with some conditions.
A press release from the ministry said, “The urban development ministry accords in-principle approval for the 20.68km Chennai monorail project costing Rs 3,267 crore, to be taken up under the DBFOT (design, build, finance, operate and transfer) model.”
The monorail project would connect Poonamallee and Kathipara with a link from Porur to Vadapalani.
“The project would be implemented with the entire funding from the state government/state government agencies/ PPP partner without any financial support from the Government of India.” said the release.
The approval from the Centre comes with a set of conditions. It wants the Tamil Nadu government to set up a separate body for periodic fare revision and also to ensure that the commuters have easy access to other modes of transport from monorail.
The Centre has asked the state to set up a unified metropolitan transport authority, duly backed by legislation, to facilitate coordinated planning and implementation of urban transport projects. The state has already passed the Chennai Unified Metropolitan Transport Bill and set up the Chennai Unified Metropolitan Transport Authority. However, it is yet to be notified.