Talking to reporters after paying a 'courtesy call' on Chief Minister M Karunanidhi at the latter's Gopalapuram residence in Chennai, he said the Centre would fund the project in Tamil Nadu on the lines of the financial assistance extended to the metro rail projects in Bangalore and Hyderabad.
The project will take five years to be completed.
The Bangalore Metro Rail project is finally set to take off with the Centre giving the go-ahead to the Rs 6,395-crore (Rs 63.95 billion) venture.
Karnataka government would float a special purpose vehicle soon to take up the much-awaited Rs 5,000 crore (Rs 50 billion) Bangalore Metro Rail project, chief secretary K K Misra said on Thursday.
The Cabinet has cleared the proposal for metro rail in Hyderabad, Mumbai and Bangalore, Union Minister for Urban Development Minister Jaipal Reddy said on Friday.
Delhi Metro Rail link will make commuting to Delhi's new airport a mere 21-minute run. Plans also include check in counters at the metro's stations.
Total order book set to cross Rs 5,000 crore or Rs 50 billion with new orders from BMRC and DMRC.
Karnataka Government on Tuesday said it was aiming to complete the Phase-I of the metro rail project in the city by December next year and has begun talks with Centre for taking up the second phase of the mass rapid transport system to ease traffic congestion in the IT capital.
India and Japan on Monday signed seven agreements under which the East Asian economic giant would provide loans worth a total of Rs 8,632 crore (Rs 86.32 billion) for various projects, including the Bangalore Metro Rail Project.
People will be able to cut commute times significantly.
Govt seeks Japanese help for Delhi, Bangalore metro projects
Affirming that the Centre was "serious" about Rs 4,000-odd crore (Rs 40 billion) Metro Rail for Bangalore, Union Urban Development Minister Ghulam Nabi Azad on Wednesday said the project was expected to be completed in four years. \n
'In the larger cities, we can see that 12%-20% of the population making use of the metros. I don't think it is happening in the smaller cities.'
The Karnataka government on Monday decided to launch a monorail project and unveiled plans for Metro-II to cover more areas in a bid to further decongest the city's roads.
Urban mass transit authority to be set up; it will act as nodal agency for planning and coordination of project related works.
The company had approached banks with a CDR request for about Rs 1,700 crore. However, according to company sources, the banks felt that Maytas must shed the flab, which includes dilution of stake in the Bangalore elevated tollway to raise funds before the CDR is granted. It has also been reportedly told that it should disengage from various projects which it cannot take forward.
Alstom is accused of paying bribes to Indian public officials to secure Delhi metro contracts.
15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.
Store will directly employ 500-700 people, half of them women, and create 1,500 jobs indirectly
This metro line would be a 33.65-km rail link between Bangalore City Centre and Bangalore International Airport.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
India's top metro cities need to improve their infrastructure and other civic amenities too.
While the government insists that the road will help in solving traffic woes, environmentalists and locals decry cutting of trees, impact on environment.
Bengaluru has been ranked among top 20 technology-rich cities in the world in a survey done by Jones Lang LaSalle.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
Congress sitting MP Sanjay Nirupam is facing a tough contest from Bharatiya Janata Party Gopal Shetty in the North Mumbai Lok Sabha constituency, which goes to polls on April 24.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances