Japan loan for Chennai Peripheral Ring Road

Chennai’s new ring road is one of several Indian highway projects to get more cash injections from Japan economic development loans.
Finance & Funding / March 5, 2024 1 minute Read
By David Arminas
Chennai’s first ring road was 25.2km long and the fourth circular, the Chennai Peripheral Ring Road, is under construction (image © Balachandar Spark/Dreamstime)

Several road projects in India are among nine infrastructure projects that will benefit from an Official Development Assistance loan from Japan of around US$1.56 billion.

Highway improvements include the North East Road Network Connectivity Improvement Project’s Dhubri-Phulbari bridge work and road improvements to the National Highways H 127B Phulbari-Goeragre section.

Construction of Chennai Peripheral Ring Road Phase 2 will also benefit from the loans.

The road network connectivity projects aim to improve infrastructure development in India’s north east region, while the Chennai peripheral ring road project aims to alleviate traffic congestion and strengthen connections to the southern part of the state.

The 133km-long Chennai Peripheral Ring Road is a six-lane access-controlled expressway with a route alignment the state of Tamil Nadu, eventually running from Ennore Port to  Mahabalipuram. This new greenfield expressway with five sections will be Chennai’s fourth ring road. It will connect the towns of Singaperumalkoil, Sriperumbudur, Tiruvallur, Tamaraipakkam, Periyapalayam, Puduvoyal and Kattupalli.

Chennai - formerly known as Madras - is the capital city of Tamil Nadu, the southernmost state of India and is located on the Coromandel Coast of the Bay of Bengal. According to the 2011 Indian census, Chennai is the sixth-most populous city in India and forms the fourth-most populous urban agglomeration.