The Chennai Metro Rail Limited took to X, formerly Twitter, to announce that it signed three contract agreements with Rail Vikas Nigam Limited (RVNL) for a combined value of Rs 4058.20 crore on September 13, 2023.
The agreements will involve the construction of 12 full underground metro stations and 4 underground metro station works other than diaphragm wall from Kilpauk Metro to Taramani.
A Letter of Acceptance (LOA) was issued on June 20 for corridor 3 for Rs 1730.60 crore, Rs 1461.97 for corridor 4 and Rs 865.63 crore for corridor 5, a press release by Chennai Metro Rail said. The combined value of all the three works has been estimated at Rs 4058.20 crore. Japan International Cooperation Agency (JICA) is funding all three packages, the press release added.
This reportedly marks the first contract signed for corridor 5 by CMRL.
The contract agreement was signed in the presence of MA Siddique, Managing Director of CMRL, T Archunan, Director (Projects) from Indian Railway Service of Engineers (IRSE), and Kamalakara Reddy, Chief Project Manager from Rail Vikas Nigam Limited.
Chennai Metro’s ridership
The Chennai Metro Rail Limited earlier announced that it recorded the highest monthly ridership recorded this year in August. More than 85 lakh commuters boarded the metro trains last month.
The ridership recorded by CMRL in January was 66,07,458, in February it stood at 63,69,282. This was followed by 69,99,341 in March; 66,85,432 in April; 72,68,007 in May; 74,06,876 in June; 82,53,692 in July.
The CMRL recorded the highest passenger flow for August on August 11, with 3,29,920 passengers.