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Home > Forum > Kochi > Pachalam > Real estate News > KMRL provides funding for Pachalam Rail over bridge

KMRL provides funding for Pachalam Rail over bridge

Q: Hello everyone, I am Ganesh Nambiar. I read some really good news that Pachalam over bridge project will now have a beneficiary. Who are they and what are they doing to provide the help?

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Replies (5)
1
Actually, I think the money is still short. Land required here is about 62 cents. and each cent costs about 15 lakhs as per the evaluration committee's report. The total expenditure to pay off all the 28 land owners here would cost about 15 crores.
Chetan Reddy


2
You know the district administration is all smiles. A deputy collector named Shobana spoke about it and said that they will now start with the takeover process and thet they will disburse the money from the Wednesday which is 25th of this month.
Ranjan Mohan


3
Hey. Yes. This is indeed vry good news. KMRL has promised a financial backing of Rs. 2 crore to help with the over bridge project.. Also another interesting thing is that KMRL had previously kept itself away from the issue for some reason and has changed ts mind now.
Thiru Chandrashekar


4
The issue sorrounding the Pachalam crossing was a bit complex. About 15 of the 28 owners had consented to let their land go to get the bridge done. but the revenue department had no finances to contine with the take over process.
Manikandan Swami


5
Hello, Ganesh. Yes, I can answer your question. Basically in a great turn of events Kochi Metro Rail Limited has stepprd up to provide funding for the Pachalam rail over bridge project which has no beneficiaries or funding. But now with this surprising move it is looking like the over bridge won't be a distant dream as it seemed.
Chandresh Subramanian


How much of land is needed to get this thing going?
N Jeeva kumar,  Coimbatore
19th February 2015


6

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