G.O. Ms.No.7, Development at Shenoy Nagar Metro Station and Thiru. Vi.Ka. Park, 2019

What the government approved

G.O. Ms.No.7 of the Planning, Development and Special Initiatives (S.I) Department authorises Chennai Metro Rail Limited to implement development works around Shenoy Nagar Metro Station and below Thiru. Vi.Ka. Park. The administrative sanction covers vehicle parking, commercial development and works intended to provide public amenities.

The approved estimated project cost is Rs.179.57 crore. The sanction allows Chennai Metro Rail Limited to take up construction works for the project.

Funding arrangement

The Chennai Metropolitan Development Authority had previously received administrative sanction to fund the project through an interest free loan to Chennai Metro Rail Limited. That funding approval covered the same estimated project cost of Rs.179.57 crore.

The High Power Committee for the Chennai Metro Rail Project had decided that the Chennai Metropolitan Development Authority could consider lending the project cost so that Chennai Metro Rail Limited could create and maintain the required infrastructure.

Revenue sharing

The development is expected to earn revenue. The key arrangements are:

• Net revenue from the project is to be shared with the Greater Chennai Corporation.
• Revenue sharing will be based on terms mutually agreed between Chennai Metro Rail Limited and the Greater Chennai Corporation.
• The Managing Director of Chennai Metro Rail Limited must initiate action to enter into a revenue sharing agreement at the appropriate time.

Who is affected

G.O. Ms.No.7 directly concerns Chennai Metro Rail Limited as the project implementing body, the Chennai Metropolitan Development Authority as the funding body, and the Greater Chennai Corporation as the local authority entitled to an agreed share of project revenue.

People using Shenoy Nagar Metro Station or Thiru. Vi.Ka. Park may be affected by the proposed parking, commercial facilities, public amenities and associated construction. The document does not identify private land for acquisition, change any recorded land ownership, or grant an individual property right. Property owners seeking information about a particular parcel would therefore need to rely on separate land, planning or project records rather than this administrative sanction alone.

Administrative basis

G.O. Ms.No.7 records that the sanction followed consideration of the High Power Committee's recommendation and the earlier approved funding. It also states that concurrence of the relevant Secretariat departments is deemed to have been obtained under powers delegated to the High Power Committee.