Comments
Kochi Metro Rail project has got an assistance of ₹462.17 crore in the Union budget. The allocation made in the interim budget presented on February 17 has been retained.
Of this, ₹233.43 crore will be given as equity contribution, ₹66.95 crore towards interest free subordinate debt and ₹161.79 crore towards pass through external assistance (loan) from Agence Francaise De Developpement (AFD).
“Kochi Metro’s fund utilisation requirements will be significantly more this year. We had requested for ₹878 crore for this financial year to meet our commitments. KMRL is hopeful that the Union Government will consider our request and enhance the budget allocation for enabling us to meet our project commissioning targets,” said Elias George, Managing Director, KMRL.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.