News
07 October 2024

Central government to lead Chennai Metro phase II financing

In:
Transport
Region:
Asia-Pacific

India’s government will assume responsibility for funding 65% of the estimated cost of INR632 billion ($7.5 billion) of the Chennai Metro Phase-II project.This will include the entire required loan of INR335.9 billion as well as equity and subordinate debt of INR74 billion. The balance of 35%,...

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