Delay in widening of Vytilla Thrippunithura Petta Road

Q: Hi, I want to know about the widening of the Vytilla Thrippunithura Petta Road in Kochi. Why is the project getting so much delayed?

David Oomen Mathews, Kochi

11th March 2015

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Replies (9)

I think that KMRL has also availed loans from foreign agencies including AFD. But for land acquisition, the state government will have to provide the funds. It is because the government is facing severe financial crunch, that the KMRL Board had decided to explore the possibilities of availing an additional term loan from Co-operative Bank.

Vijaykrishna Nayar, Kochi

23rd March 2015

Comment

Yeah..they are taking loans from the banks. The Rs 470 crore loan will be subject to repayment by the state government from their annual budgetary provisions over a period of 12 years. The loan will be available for a floating interest rate of 9.95 per cent, which is linked to SBI’s base rate of interest and with no attached charges including processing fee.

Rajesh Menon, Kochi

21st March 2015

Comment

Now, what is happening is that the officials are saying that the delay from the state government's side is mainly due to the change in the loan conditions. I think that the Co-operative Bank has fine tuned the loan proposal with the changes suggested by the Finance Department and the official said that they hope that the loan will be released soon.

Simon Benedict, Kochi

20th March 2015

Comment

But there is also a doubt from the part of the people that the construction of Metro Rail from Vyttila to Petta will not be completed in the first phase itself owing to the huge land acquisition cost needed for the widening of Vyttila-Tripunithura Road.

Nathan Saldanha, Kochi

17th March 2015

Comment

I think that the contract with the Delhi metro Rail Corporation (DMRC) will end in 2017. That is why, the onstruction activities till Petta, which is included in the first phase of Metro rail project needs to be completed before 2017. That is why, there is a need to speed up the land acquisition for the Vyttila Petta Road widening.

Deepak Shetty, Kochi

14th March 2015

Comment

Yeah..exactly, the amount was supposed to be used mainly to meet the huge land acquisition cost required for acquiring land for the widening of Vyttila -Tripunithura Road. But now, due to the delay, the construction activities of the fourth reach of the metro rail, between Vyttila and Petta, is yet to commence.

Krishna gowda, Kochi

13th March 2015

Comment

You know, the road will be getting loan from Ernakulam District Co-operative Bank as per the instruction by the state government, the Kochi Metro Rail Limited will get an additional term loan of rs. 470 crore.

Ganesh Nambiar, Kochi

12th March 2015

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Aadesh Chacko, Kochi

12th March 2015

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Oh yeah..that is a crisis situation now. The shortage of fund is the major reason for the delay in the work for Vytilla Thrippunithura Petta road. This road is a key road for the construction of the Kochi Metro Rail project.

Sreekutty Nair, Kochi

11th March 2015

Comment