Kochi Metro got green signal with Rs. 462 crores allotment

Q: Good News for the people of Kochi, Rs 5,537-crore Kochi Metro Rail project has been allotted Rs.462.17 crore in Monday’s interim Union Budget.

Sundar, Chennai

26th February 2014

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Replies (2)

Hi everyone,
What will be the contribution of State and Central Government in this project?

Uday kumar, Chennai

26th February 2014

Comment

Hi Uday,
The State and Central governments are expected to pool in Rs 753.73 crore each for the project.

Anandraj Iyengar, Chennai

26th February 2014

Thanks for the information Anand,
Tell me one thing how much they are lending from the other agency and how much from our national bank?

Uday kumar, Chennai

26th February 2014

Your most welcome Uday,
The loan expected from French external lending agency AFD is approximately Rs.1,500 crore and that from Canara Bank is Rs.1,170 crore.

Anandraj Iyengar, Chennai

26th February 2014

Well,
Do you have any information about the increasing road and bridges in the city?

Uday kumar, Chennai

26th February 2014

Well Uday,
According to the news agency the State had earmarked Rs.242.47 crore for augmenting roads and bridges in the city as part of metro’s preparatory works.

Anandraj Iyengar, Chennai

26th February 2014

Hi,
It's really a matter of happy to note that Kochi Metro’s fund requirements have been adequately met in the Union Budget

Komathi, Chennai

26th February 2014

Comment

Hello Komathi,
Which all sources are raising fund for the Kochi Metro Rail Project?

Sudhakar , Chennai

26th February 2014

Well,
Of this Rs. 233.43 crore will be given as equity contribution and Rs. 66.95 crore as interest-free subordinate debt while Rs.161.79 crore will be loan.

Komathi, Chennai

26th February 2014

Can you tell me who is the Managing Director of the Kochi Metro Rail Limited?

Sudhakar , Chennai

26th February 2014

Ofcourse Sudhakar,
Mr. Elias George is the Managing Director of Kochi Metro Rail Limited (KMRL).

Komathi, Chennai

26th February 2014