Chennai, March 14 -- A new Global city will come up near Chennai in a 2,000 acre area with world class facilities to meet public needs, Finance Minister Thangam Thennarasu said on Friday.

The new city will be constructed by Tamil Nadu Industrial Development Corporation (TIDCO).

Presenting the Budget for the year 2025-26 in the State Assembly, he said Tamil Nadu is a State which is experiencing one of the highest rates of urbanization, along with the challenges that come with it.

As people migrate from various parts of the state to cities, particularly Chennai, Coimbatore, Tiruppur, Trichy and Madurai, urban local bodies are allocating additional funds to provide essential infrastructure such as roads, drinking water, street light...