Kochi metro project
The Kerala Chamber of Commerce and Industry (KCCI) today has advised the state government to sufficiently recompense the commercial and industrial formations functioning in the areas falling under the Kochi metro rail project for the loss being underwent by indebted to the metro rail works. The state government had not kept the promises given by [...] Continue Reading »
Mr. Francois Richier, French ambassador to India, says that the French Government is ready to invest in Indian market. He also added that French companies are among the biggest investors in India and there are 350 French companies with nearly $19 billion worth ready to invest in India. He further says that the French companies [...] Continue Reading »
In Monday’s interim Union Budget, Kochi Metro Rail project has been allotted Rs.462.17 crore. The total cost of the project is estimated to be Rs 5,537-crore. Of this, Rs. 66.95 crore as interest-free subordinate debt, Rs.161.79 crore will be loan while Rs. 233.43 crore will be given as equity contribution. Mr. Elias George, Managing Director [...] Continue Reading »
Kochi- The National Highways Authority of India (NHAI) has raised an objection against the launch of Kochi Metro work without first acquiring land for widening the national highway along which the metro over-bridge has been proposed to be constructed. The Kerala government is all set to launch the project as soon as the Terms of [...] Continue Reading »
Kochi- The city is already facing traffic problem and the work of relaying side roads have still not initiated by the Kochi Corporation before the construction work of Kochi metro starts at its desired time. Relaying of side roads is specially important on the stretch between Edappally and Kaloor because once the metro is initiated [...] Continue Reading »
Kochi- The 10th director board meeting of Kochi Metro Rail Limited was held on January22, 2013. The discussion was held on the few technical parameters for the project and also decided to carry out a research on extending the light rail line to Angamaly, Kakkanad and to Mattanchery /Fort Kochi as well as linking Thripunithura [...] Continue Reading »
Kochi- Although the project work of Kochi metro is handed over to the Delhi Metro Rail Corporation (DMRC), the documents say a different story. According to the documents, the role of the DMRC in handholding the metro will only be ornamental. The fate of Kochi metro was decided jointly by Federal Minister for Urban Development, the Delhi government [...] Continue Reading »
Hurrying up the finishing of Kochi Metro construction project, authorities will be acquiring the land from MG Road shopkeepers soon. The land acquisition has been legally done and concerned authorities have approached these land owners for compensation and price of land. With the follow up of same, the land owners have agreed to give their [...] Continue Reading »
The Kochi metro project is turning costlier day by day! The land acquisition in terms of metro rail expansion has brought in major change in the city’s realty sector. Rs 10.7 lakh land rate has been fixed by district level purchase committee (DLPC). This is a costly affair indeed! However, this land belongs to EPF, KSRTC [...] Continue Reading »
