Date:23/03/2008 URL: http://www.thehindubusinessline.com/2008/03/23/stories/2008032351190501.htm

Back Centre's support to Chennai Metro

Chennai, March 22

The Union Government is expected to have a 50 per cent shareholding in Chennai Metro Rail Ltd (CMRL), a special purpose vehicle implementing the Rs 9,757-crore Chennai Metro project in the city. At present, CMRL is fully-owned by the Tamil Nadu Government.

Out of the total project cost, the Central and State governments will both fund around 40 per cent of the amount. Official Development Assistance from the Government of Japan/Japanese Bank of International Cooperation is expected to fund the balance, according to an advertisement issued by CMRL seeking expression of interest for the project' general consultancy. The consultants will assist the company in project implementation. - Our Bureau