The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its nod to the extension of Chennai Metro Rail Phase-I Project from Washermanpet to Wimconagar covering a length of 9.051 km at an estimated cost of Rs. 3770 crore. The project will be executed by the existing SPV of Government of India and the Government of Tamil Nadu having 50:50 equity of each i.e. Chennai Metro Rail Ltd. The project is scheduled to be completed by March 2018.