Correct Answer : Option (D) - Asian Development Bank
The Asian Development Bank (ADB) approved on Thursday(8th Dec 2022) a $780 million multi-tranche financing facility (MFF). With an aim to build new lines and improve the connectivity of metro rail services in Chennai with the city’s existing bus and feeder services
“This project will expand Chennai’s metro rail system to provide a safe and integrated transport solution essential in improving urban mobility and making the city more livable," said ADB Senior Transport Specialist for South Asia Andri Heriawan.
“By fostering a shift to less greenhouse-gas-emitting metro systems, it will also benefit climate change mitigation and, through appropriate design elements, improve resilience to climate change," the senior functionary added.
The international organization which is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific also announced a $1 million additional technical assistance (TA) grant to help the Chennai Metro Rail Limited with the planning and management of the metro system’s multimodal integration.
“The project will
construct 10.1 kilometers (km) of the elevated section between
Sholinganallur to
State Industries Promotion Corporation of Tamil Nadu-2,
including 9 metro stations and system components;
10 km of the underground section between Lighthouse and Meenakshi College including 9 stations; and
31 km of system components, such as electrical, mechanical, power, and telecommunication infrastructure, between Chennai Mofussil Bus Terminus to Okkiyam Thoraipakkam."..
Source : Mint
