The Union minster for Urban Development, Jaipal Reddy said that central government will give its final approval for the Rs 13,000 crore Chennai Metro Rail project next year. Apart from that, the Chennai Metro Rail Ltd (CMRL) get registered recently and its corporate office will be in the Ascendas Tech Park, Taramani. Since the TN government is not interested in Public-Private-Partnership model, it wants the project's cost to be shared with central government's aid and the remaining amount will be borrowed from the Japan Bank as loan. The project consists of two corridors of totally 50 km with 40 stations and most of the elevated track will be along the Anna salai. The project will be complemented in 4 years.
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