Agence Francaise de Developpement (AFD) agreed to provide a EUR 175 million loan for Kochi Metro rail’s extension project. According to a spokesperson of Kochi Metro (KMRL), the French agency has offered to fund the metro rail’s extension from JLN Stadium to Infopark via Kakkanad.
The new metro project involves the construction of a 11 km line, with costs estimated at USD 306 million (Rs 2,024 crore).
“It is a matter of pride for Kochi Metro Rail Limited that AFD has agreed to this offer. This is an indication of the funding agency’s faith in KMRL’s capabilities and its objectives”, Elias George, Managing Director of KMRL said.
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