Metro Phase-II faces delays as spending may be cut 40%

Metro Phase-II faces delays as spending may be cut 40% C SHIVAKUMAR @ Chennai THE tug-of-war between the centre and Tamil Nadu on the status of Phase-II of Chennai Metro Rail project seems to have cast a shadow on the project, with just 8,000 crore of the planned 12,000 crore likely be spent on the project during the current financial year.

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This would be a nearly 40% markdown on the projected spending this year.

The 63,246 croreproject has been facing headwinds since last year due to financial issues and this year may egorically stated that it's a state sector project and the Tamil Nadu government is entirely responsible for the funding, the state has given its own reasons on why it wants the centre to release funds for the project.