Union Cabinet approves Chennai Metro Rail Phase-II and Diwali bonuses for railway and port workers
New Delhi: The Union Cabinet on Thursday approved the Ministry of Housing & Urban Affairs' proposal for the Chennai Metro Rail Project Phase-II, which will cover three corridors at a project cost of Rs 63,246 crore.

Planned for completion by 2027, the expansion will add 118.9 km with 128 stations to the metro network. Once operational, Chennai’s metro rail system will span a total of 173 km, significantly improving urban mobility.
The project includes three corridors: Madhavaram to SIPCOT (45.8 km), Lighthouse to Poonamalle Bypass (26.1 km), and Madhavaram to Sholinganallur (47 km).
The extension aims to connect rapidly developing areas like Sholinganallur and the city’s bustling IT corridor.
Once operational, Phase-II is expected to significantly reduce traffic congestion, especially on key routes, improving travel times, road safety, and easing the burden on Chennai’s transport infrastructure.
Ahead of Diwali, the Cabinet also sanctioned productivity-linked sops for railway employees and major port workers.
The Diwali bonus for railway workers will cost Rs 2,068 crore, with eligible employees receiving a maximum payout of Rs 17,951 for 78 days. Beneficiaries include track maintainers, loco pilots, train managers, and various Group 'C' staff.
In addition, the Cabinet approved a revised Productivity Linked Reward (PLR) scheme for major port workers, with financial implications amounting to Rs 200 crore.
The scheme, which covers 20,704 employees and workers from the Major Port Authorities and Dock Labour Boards, is aimed at fostering better industrial relations and improving productivity in the port sector.
Recent wage dissatisfaction had led to the threat of a nationwide strike, which was averted following successful negotiations.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles

CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.

JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.

LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).

De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News

Tripura sees 64.07 pc surge in domestic tourism: Minister Sushanta Chowdhury

Bangladesh army kills four tribals, injures 40 others in indiscriminate firing in CHT, RRAG calls for India’s downgrading of diplomatic relations with Yunus govt

Bicycle rally by NEEPCO & Agartala Cycloholics: Spreading message of cleanliness & environment

Jammu and Kashmir's Armless archer Sheetal Devi,18, clinches gold at Para World Archery Championships
