Kochi Metro, AFD to ink loan pact

Our Bureau Kochi | Updated on January 28, 2014 Published on January 28, 2014

French foreign development aid agency Agence Francaise de Developpemente (AFD) and Kochi Metro Rail Ltd will sign an agreement on February 8 for financing the 25-km Kochi metro project . A KMRL board meeting, chaired by Union Urban Development Secretary Sudhir Krishna, on Monday decided to take the AFD’s loan offer of €180 million euros (around ₹1,500 crore) for the ₹5,337-crore metro project. The loan has a 20-year repayment schedule and five-year grace period.

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Published on January 28, 2014
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