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Monday , 22 July 2024

Kochi Metro attains financial closure

Kochi Metro has secured complete funding for the ?5,200cr project. The Metro, which is expected to be commissioned by 2017, will get a ?1,170cr loan from Canara Bank while Agence Fran?aise de D?veloppement (AFD) – a French government-supported financial aid agency that supports infrastructure projects in developing countries ? has pledged ?1,525cr.? ?1,000cr will be given by the Japan International Cooperation Agency (JICA). The Kerala state government and the Union government have an equity participation of ?753cr each and the sub-debt of the state government would be over ?900cr.

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