CHENNAI: Scomi International is now eyeing a major monorail construction project in the south Indian city of Chennai, as city planners mull alternative transportation mode to ease traffic in India's fastest growing city.
"Chennai is exploring to introduce monorail for their city, similar to the Mumbai monorail project.
"I have promoted Scomi to the Tamil Nadu government, we encourage more Malaysian companies, like Scomi to enter the Indian market. They are already involved in the Mumbai monorail project" Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik told Bernama here today.
He is on an official trade tour to the south Indian city, accompanied by 20 officials, to promote Kuala Lumpur among Indian entrepreneurs as a strategic investment centre in the region.
Last Tuesday he held talks with Tamil Nadu Deputy Chief Minister M.K. Stalin in Chennai.
Commenting on the monorail project in Chennai, Scomi International general manager (business development, India) S. Selvaraja Chinnasamy said the company had submitted a proposal to the state government.
"We submitted a proposal to the state about three months ago and hopefully by year-end there will be some developments.
"There are plans to build two corridors, a 24 km stretch and another 20 km stretch in Chennai metropolitan. We are keen to participate in these projects," added Selvaraja.
Chennai is the fourth largest metropolitan city in India with a population of nearly 4.3 million.
Scomi is now involved in the construction of India's first monorail project in Mumbai, a 19.5 km stretch, at cost of RM1.85 billion and will partner Indian-based Larsen and Toubro Ltd to construct the mega project in Mumbai. -- Bernama
The Most Essential Lesson for all Investors - Koon Yew Yin
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*The Most Essential Lesson for all Investors - Koon Yew Yin *
*Author: Koon Yew Yin | Publish date: Sat, 21 Nov 2015, 11:02 AM *
Many of my close friends an...
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