Prime Minister Narendra Modi will on May 26 lay the foundation stone and dedicate to the nation 11 projects worth over Rs 31,400 crore in Chennai. He will also participate in an event to celebrate 20 years of the Indian School of Business (ISB) in Hyderabad.
The projects that he will inaugurate and lay the foundation stone of in Chennai will help significantly improve socio-economic prosperity in the region, have a transformative impact on several sectors and also help create employment opportunities, the Prime Minister's Office (PMO) said in a statement.
Modi will visit Hyderabad and Chennai on May 26 and around 2 PM, will participate in the celebration of completion of 20 years of ISB Hyderabad and address the graduation ceremony of Post Graduate Programme class of 2022, the PMO said. The ISB was inaugurated on December 2, 2001 by former prime minister Atal Bihari Vajpayee.
Around 5:45 PM, the prime minister will dedicate to the nation and lay the foundation stone of 11 projects worth over Rs 31,400 crore at JLN Indoor Stadium in Chennai. These projects are seen as a step towards boosting infrastructure development, enhancing connectivity and giving an impetus to ease of living in the region.
In Chennai, Modi will dedicate to the nation five projects worth over Rs 2,900 crore, the statement said adding the 75 km-long Madurai-Teni (Railway Gauge Conversion Project), built at a project cost of over Rs. 500 crore, will facilitate access and give a boost to tourism in the region. The programme will also witness inauguration of 1,152 houses constructed as part of Light House Project -- Chennai, built at a cost of Rs 116 crore under Pradhan Mantri Awas Yojana-Urban, the statement said. Modi will also lay the foundation stone of six projects, being built at a cost of over Rs. 28,500 crore, it said.
Modi will lay the foundation stone of a multi-modal logistic park at Chennai worth over Rs. 1,400 crore. It will provide seamless intermodal freight movement and also offer multiple functionalities.