Chennai Metro Phase-II tweaked as 'central' project; Union govt to bear 65% of the cost
The Morning Standard|October 06, 2024
THE union government will fund 65% of the estimated cost of 63,246 crore of the Chennai Metro Phase-II project, which will add up to over 41,000 crore, the finance ministry said on Saturday.
Chennai Metro Phase-II tweaked as 'central' project; Union govt to bear 65% of the cost

This will include the entire required loan of ₹33,593 crore, besides the equity and subordinate debt of 7,425 crore. The balance 35% or 22,000 crore of the estimated cost will be financed by the state government.

The nomenclature of the project has now been changed to 'central sector' project from 'state sector' project as per the request of the Tamil Nadu government, a release from the finance ministry said on Saturday.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE MORNING STANDARDView all
Bag it like a boss
The Morning Standard

Bag it like a boss

These bags are perfect for every occasion, from sangeet to cocktail party

time-read
1 min  |
December 12, 2024
THE CITYSCAPE IN A GLASS
The Morning Standard

THE CITYSCAPE IN A GLASS

Imagine the sunset and the beautiful winter line created by it and top that with the falling AQI of Delhi and a breathtaking view of the Lutyens.

time-read
3 mins  |
December 12, 2024
Paul Mescal to play Paul McCartney in Beatles biopic
The Morning Standard

Paul Mescal to play Paul McCartney in Beatles biopic

PREVIOUSLY there were speculations that filmmaker Ridley Scott and actor Paul Mescal are set to reteam for the upcoming thriller The Dog Stars following their successful collaboration on the recently-released Gladiator 2.

time-read
1 min  |
December 12, 2024
IN STEP WITH THE SACRED
The Morning Standard

IN STEP WITH THE SACRED

Kuchipudi dancer Amrita Lahiri, and musician Chandana Bala Kalyan, students of Delhi guru Leela Samson, bring their production, 'Mandala', to the city

time-read
3 mins  |
December 12, 2024
The Morning Standard

Shami far from best as Bengal lose to Baroda

PACER Mohammed Shami rarely operated at his best and it had a cascading effect on Bengal as they went down by 41 runs against Baroda in the quarterfinals of the Syed Mushtaq Ali Trophy here on Wednesday.

time-read
1 min  |
December 12, 2024
Mandhana ton in vain as Australia win ODI series 3-0
The Morning Standard

Mandhana ton in vain as Australia win ODI series 3-0

SMRITI MANDHANA'S record-breaking century and Arundhati Reddy's career-best figures went in vain as India lost the final ODI against Australia at the WACA ground as hosts took the series 3-0 adding six points to their tally in the ICC women's ODI championship.

time-read
1 min  |
December 12, 2024
Salah keeps Liverpool perfect, Real win
The Morning Standard

Salah keeps Liverpool perfect, Real win

MOHAMED SALAH helped maintain Liverpool's perfect record in the Champions League on Tuesday while holders Real Madrid bounced back from their defeat at Anfield to topple in-form Italians Atalanta.

time-read
1 min  |
December 12, 2024
ISL: CFC down Hyderabad to end 4-match winless run
The Morning Standard

ISL: CFC down Hyderabad to end 4-match winless run

IRFAN YADWAD'S early goal proved to be the difference-maker as Chennaiyin FC recorded a much-needed victory over Hyderabad FC in the Indian Super League at the Jawaharlal Nehru Indoor Stadium here, on Wednesday.

time-read
1 min  |
December 12, 2024
The Morning Standard

Saudi Arabia to host 2034 FIFA WC

SAUDI ARABIA has been officially confirmed by FIFA as host of the 2034 World Cup in men's football, giving the oil-rich kingdom its biggest prize yet for massive spending on global sports driven by Crown Prince Mohammed bin Salman.

time-read
1 min  |
December 12, 2024
Can struggling Sharma step up as captain?
The Morning Standard

Can struggling Sharma step up as captain?

IT was day three of the Pune Test against New Zealand. Having lost the home Test series 3-0, a dejected Rohit Sharma addressed the media.

time-read
3 mins  |
December 12, 2024