The Hindu·3 min read·medium
CMDA plans to shelve projects as it grapples with outstanding liabilities up to ₹3,500 cr.
R
R. Aishwaryaa
✦AI Summary
The Chennai Metropolitan Development Authority (CMDA) is considering canceling several major infrastructure projects, including the Global Sports City and various beachfront developments. The decision is driven by a need to manage outstanding liabilities totaling approximately ₹3,500 crore.
The Chennai Metropolitan Development Authority (CMDA) is mulling cancellation of certain infrastructure projects, including the Global Sports City plan, beachfront development, and waterfront restoration plans, as it grapples with outstanding liabilities of roughly ₹3,500 crore.
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