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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.

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Replies (2)
1
Hi everyone,
What will be the contribution of State and Central Government in this project?
Uday kumar


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


2
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


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


3

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