Monorail work likely to begin in June

by Paul Joseph on March 3, 2013 · 0 comments

CHENNAI: If all goes well, work on the first phase of the monorail project is likely to begin in June. The state government is set to float the technical and financial bids (final request for proposal) in March for phase I, estimated to cost 8,500 crore and cover 57km, of the project. This comes after months of dilly-dallying over the qualification of the prospective bidders for the project that was announced in 2011. With traffic congestion reaching alarming proportions, the state government wants to get the project, which it believes will be the answer to the city’s traffic woes, off the ground at the earliest. The ongoing metro rail project

[via India Properties – Real Estate India – Indian Property News Site]

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