G.O.Ms.No.86, Share Capital Assistance for Chennai Metro Rail Project Phase I
The Planning, Development and Special Initiatives Department of the Government of Tamil Nadu issued G.O.Ms.No.86, dated 7 December 2018, to release Rs.274.91 crore in share capital assistance to Chennai Metro Rail Limited for implementing Chennai Metro Rail Project Phase I. The document records government funding for the metro project and does not state any change to private land ownership, land use or property rights.
What the document does
The Planning, Development and Special Initiatives Department of the Government of Tamil Nadu issued G.O.Ms.No.86, dated 7 December 2018, to release Rs.274.91 crore in share capital assistance to Chennai Metro Rail Limited. The money is for implementation of Chennai Metro Rail Project Phase I.
The document was issued with the concurrence of the Finance Department. It directs the order to Chennai Metro Rail Limited and several government finance, audit, housing and planning authorities.
Project and funding background
G.O.Ms.No.86 records the following project approvals and cost revisions:
- The Government of India approved Chennai Metro Rail Project Phase I at a total cost of Rs.14,600 crore.
- The Phase I project cost was later revised to Rs.19,058 crore under earlier Government Orders cited in the document.
- The extension of Corridor 1 up to Thiruvottriyur and Wimco Nagar was approved at an estimated completion cost of Rs.3,001 crore.
- The Ministry of Urban Development, Government of India, subsequently updated and approved the Corridor 1 extension cost as Rs.3,770 crore.
- The present release is Rs.274.91 crore as share capital assistance to Chennai Metro Rail Limited.
Who is affected
G.O.Ms.No.86 directly concerns Chennai Metro Rail Limited and the Tamil Nadu government departments and financial authorities responsible for releasing, accounting for and auditing the assistance.
Property buyers and owners near Chennai Metro Rail routes may find the project background relevant. However, the supplied text does not identify any survey number, property, acquisition area or affected landowner. It also does not announce land acquisition, alter land classification or change development rights.
What property owners should note
G.O.Ms.No.86 is a project finance approval rather than a property title or land administration decision. Its key practical points are:
- It authorises state share capital assistance for Chennai Metro Rail Project Phase I.
- It records revised overall costs for Phase I and the Corridor 1 extension.
- It confirms that the Corridor 1 extension reaches Thiruvottriyur and Wimco Nagar.
- It contains no property specific direction in the supplied text.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does G.O.Ms.No.86 acquire my land for Chennai Metro Rail?
The supplied text does not order any land acquisition or identify any affected property. It concerns the release of share capital assistance to Chennai Metro Rail Limited.
How much funding was released under G.O.Ms.No.86?
The Planning, Development and Special Initiatives Department authorised the release of Rs.274.91 crore as share capital assistance for Chennai Metro Rail Project Phase I.
Which metro extension is referred to in the document?
The document refers to the extension of Corridor 1 up to Thiruvottriyur and Wimco Nagar.
Does the document change land use or property ownership?
The supplied text does not state any change to land use, title or property ownership. It records financial assistance and project cost information.
