Chennai Metro Phase II Revived As MoUD Allows 30 Per Cent Japanese Component As Per JICA Loan Conditions


Chennai Metro Phase II Revived As MoUD Allows 30 Per Cent Japanese Component As Per JICA Loan Conditions

The phase II project of the Chennai Metro has avoided major hurdles after the Ministry of Urban Development (MoUD) on Monday (10 December) clarified it is not mandatory for ‘Made in India’ trains to operate, reports the Hindu.

According to sources cited it the report, the MoUD waved green flags for the expansion of the project, because the loan with Japan International Cooperation Agency (JICA), demanded that the major components need to be from Japan only.

Earlier, the state government was informed by the MoUD that Chennai Metro Rail phase II will need to have trains made in India. However, the loan from JICA came at the condition that 30 per cent of the components of trains and signalling system need to be from Japan, leading to a halt in project’s progress.

However, on Monday (10 December), sources said the condition had been revoked. “We received a communication that [this condition] can be done away with. Read More

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