ADB has approved a $240 million loan for the expansion of the Chennai Metro Rail project to enhance urban transport systems in India.

Target Information

The target of the investment is the Chennai Metro Rail Investment Project, which aims to significantly expand the metro rail network in Chennai, India. The Asian Development Bank (ADB) has approved a $240 million loan as the second tranche of funding for this project, which is designed to provide cleaner, safer, and more reliable urban transportation across the Chennai Metropolitan Area. This financing is part of a larger, previously approved $780 million multitranche facility aimed at enhancing the city’s transport infrastructure.

The project involves crucial expansions, including 20 kilometers of both elevated and underground metro rail corridors, along with the construction of 18 new stations that feature universal access and disaster-resilient infrastructure. This infrastructure is intended to ensure the safety of passengers and services amidst extreme weather events.

Industry Overview: Transport in India

India is witnessing rapid urbanization, which is necessitating improved transportation infrastructure to meet increasing mobility demands. The transportation sector has become a critical focus area for government investments and international partnerships, l