Information about budget allocation for kochi metro project

Q: Hey, i missed the budget speech, and was looking for some information about the bugdet allocated to the Kochi Metro Rail Project? Thanks for answering!

Maria Nair, Kochi

2nd March 2015

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Replies (8)

A French overseas development agency, Agence Française de Développement (AfD), has promised approximately Rs 1,500 crore as a soft loan. Rest of the funds is expected to be raised from the Centre and the State under different heads.

Amal Anthony, Kochi

5th March 2015

Comment

Well, the State and Central governments are expected to pool in Rs. 753.73 crore each for the project. Incidentally the metro project had been allotted Rs 462.17 in the Centre’s interim Budget in February 2014.

Aadesh Chacko, Kochi

5th March 2015

Comment

Here is the breakdown of the allocated money; Kochi Metro Rail Limited (KMRL) had demanded Rs. 318.68 crore as Centre’s equity in the project, Rs. 500 crore as PTA (Pass Through Assistance) and Rs. 100 crore as subordinate debt for taxes. But the project was allotted Rs. 273.80 crore, Rs 260.64 crore and Rs 60.64 crore respectively

Rajneesh Nambeesan, Kochi

4th March 2015

Comment

Did you know that the metro’s 25-km first phase between Aluva and Pettah near Tripunithura needs a total of Rs 5,537 crore. Inordinate delay in land acquisition had prompted metro agencies to limit the corridor to Maharaja’s Ground.

Ganesh Nambiar, Kochi

4th March 2015

Comment

Yeah, i agree with the comment below me. Availability of funds was critical for completing the project’s 18-km-long Aluva-Maharaja’s College Ground Reach 1 by June, 2016, and if adequte funds are not provided, the project will definitely face delays.

Smitha Ravi, Kochi

4th March 2015

Comment

The allocation is in stark contrast with the project's officials demand for a total of Rs. 918.68 crore. The project’s commissioning will suffer delay if more funds are not handed over during the fiscal year, in my opinion.

Deepak Shetty, Kochi

3rd March 2015

Comment

Well you are right. According to the top officials associated with the project, the Rs 595 crore allocated for the project fall short of the expectations. As far as completion of the project goesm, i can only say that time will tell.

Allen George, Kochi

3rd March 2015

Comment

Yeah, it seems you missed quite a lot. The Union Budget presented by the central government last week, has allocated Rs 595 crore, for the Rs 5500 crore Kochi Metro Rail Project.

Simon Benedict, Kochi

2nd March 2015

Comment