CMDA plans to shelve projects as it grapples with outstanding liabilities up to ₹3,500 cr.
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. The liabilities are mainly due to the construction work, land acquisition amounting to ₹1,500 crore, and the Vada Chennai Valarchi Thittam, which…