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The Asian Development Bank (ADB) has approved the second tranche of a loan worth Rs 217.39 billion ($240 million) for the Chennai Metro Rail Project Phase II. This funding will support civil and system works for metro lines 3, 4, and 5, including upgrades to multimodal interchange areas. The project aims to develop 118.9 km of metro corridors, enhancing urban mobility and connectivity within Chennai.

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*Real Estate (Regulation & Development) Act, 2016.