Key Points
Chennai: The constant tussle between the Narendra Modi-led Union government and the Dravida Munnetra Kazhagam (DMK) government in Tamil Nadu has now spilled over into Chennais key Phase II Metro works..
The state government has alleged that the Centre has consistently overlooked requests from the state to partially fund the ongoing works of Chennais Metro Phase II project...
On Friday, Tamil Nadu Chief Minister M.K. Stalin met Prime Minister Narendra Modi in Delhi and submitted a memorandum with multiple demands, including the PMs intervention in the allocation of funds for the Rs 63,246-crore metro project in Chennai...
State Finance Minister Thangam Thennarasu had earlier this month pointed out that the Public Investment Board had recommended the project as a Central Sector Project in 2021 and sought the Union governments share of Rs 7,425 crore..
At the Public Investment Board (PlB) meeting held in August 2021, under the chairmanship of the finance secretary and the secretary (expenditure), it was recommended that the central and the Tamil Nadu governments would each fund Rs 7,424.9 crore, or 15.4 percent of the total cost, while Rs 33,593.5 crore would be sourced as loan assistance from bilateral agencies, show minutes of the meeting, accessed by ThePrint...
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