Tamil Nadu is accelerating its infrastructure development under the Public-Private Partnership (PPP) model, aiming to achieve its ambitious goal of becoming a $1 trillion economy. The Tamil Nadu Infrastructure Development Board (TNIDB) is spearheading these initiatives, having already seen success with projects like the Kilambakkam Bus Terminus. This project has generated over Rs 2.4 crore annually for the Chennai Metropolitan Development Authority (CMDA) through its 15-year private operator agreement.
Building on this success, Tamil Nadu plans further developments, including the redevelopment of old bus stands in Karur, Erode, and Hosur, with feasibility studies underway. Additionally, the state will soon invite bids for multi-level parking facilities in Chennai and other cities.
The PPP model is also being used for essential services like 24/7 water supply projects in Coimbatore and Salem, alongside efforts to expand bio-CNG plants and waste-to-energy projects across the state. Large-scale initiatives, such as pumped storage and battery storage facilities worth Rs 4,000-5,000 crore, will further strengthen the infrastructure landscape.
Aligned with the Tamil Nadu Vision $1-Trillion report, these projects focus on sustainable development, including clean energy, efficient water management, and urban planning. The state is creating an investor-friendly framework to attract private sector investment, ensuring long-term growth and resilience.