The Hindu

CMDA plans to shelve projects as it grapples with outstanding liabilities up to 3,500 cr.

The liabilities are mainly due to the construction work, land acquisition, and the Vada Chennai Valarchi Thittam, which constitutes 1,000 crore. A source says that CMDA took up a lot of works without realising the financial burden and cannot take up new works in the present financial position