Kochi metro rail
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- 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 »
