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.
The loans taken from multilateral and bilateral develop ment agencies will be treated as loans to the union government and will be provided directly to the Chennai Metro Rail Limited (CMRL) from the union budget, the release said.
Denne historien er fra October 06, 2024-utgaven av The New Indian Express.
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Denne historien er fra October 06, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Harmanpreet & Co seek quick turnaround against Pakistan
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India grapplers doubtful for Sr and U23 Worlds
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Household debt up 26% CAGR since '20
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ABHINANDAN LODHA FLOATS 'PLOTS-ONLY' REALTY MODEL
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How will China stimulus impact India
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Hezbollah loses contact with Nasrallah successor
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SBI declares MTNL loan as NPA due to payment default
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