Kochi Metro Rail Limited
Kochi Metro Rail Limited (KMRL) has revealed in a recent statement that the detailed project report (DPR) of the Kochi Metro Rail Phase-II will be submitted shortly. The project involves the expansion of the reach of Kochi Metro to Cochin International Airport and Angamaly town. According to the details shared by the KMRL, the DPR of the Kochi Metro Rail [...] Continue Reading »
Kochi-based start-up Village is India’s first incubator that is funded jointly by the public and private sectors. This start-up village is adding about 1.25 lakh square feet space as part of the plan to house and support more start-ups. The additional spaceis expected to be ready by June next year. The chief executive officer of this [...] Continue Reading »
Union urban development minister Venkaiah Naidu said that Centre would favourably consider plans to extend Kochi Metro to Tripunithura and Kakkanad. The minister assured Kochi Metro Rail Ltd (KMRL) that the government would consider their request to allocate Rs 400 crore additionally in the current fiscal. This year, Kochi Metro is looking for a budgetary [...] Continue Reading »
In a Wednesday press release, Kochi Metro Rail Ltd (KMRL) has revealed that it will sign a term loan agreement with Canara Bank in Kochi on July 20. The KMRL-Canara bank loan agreement will be signed for an amount of Rs 1,170 crore. The term of the loan will be 19.5 years, with a 7-year [...] Continue Reading »
The delay caused by various government agencies and departments in implementing projects has led to a public outcry to entrust various development projects to Delhi Metro Rail Corporation (DMRC). Kochi Metro Rail Limited (KMRL), in a similar move, has drafted a set of rules for the new Land Acquisition Act introduced by the Union government [...] Continue Reading »
A roundtable conference was organized on Tuesday by the Kochi Metro Rail Limited. This meeting focused on the initiatives of property development initiatives. Not just that, views of almost 40 companies was taken into consideration. All these companies belonged to the realty, hospitality and sector of infrastructure. The Kochi Metro Rail Limited has also spotted [...] Continue Reading »
The government order issued last week lacks clarity on the procedures to be adopted while purchasing land. Also there is confusion whether the registration fee and stamp duty will be waived off. Due to this, the revenue officials are unable to start procedures to acquire the remaining land required for the Metro project. Amid criticism [...] 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 »
