Kochi Metro phase 2: Kerala govt releases ₹50 crore for project works
The second phase will extend the metro line from Jawaharlal Nehru Stadium to Infopark in Kakkanad.
The second phase will extend the metro line from Jawaharlal Nehru Stadium to Infopark in Kakkanad.
The second phase will extend the metro line from Jawaharlal Nehru Stadium to Infopark in Kakkanad.
The Kerala government has sanctioned the release of ₹50 crore as part of its equity contribution for Phase 2 of the Kochi Metro Rail project. The second phase will extend the metro line from Jawaharlal Nehru Stadium to Infopark in Kakkanad.
According to the order issued on November 26, the revised administrative sanction has been granted for the project at a total cost of ₹1,957.05 crore, of which the state government’s share is ₹1,571.05 crore.
Earlier, the government had approved the release of ₹190.22 crore towards the state’s equity contribution and transferred the amount to the Kochi Metro Rail Limited (KMRL) account at the Sub Treasury, Ernakulam. Following this, the KMRL Managing Director requested the release of the remaining equity contribution to meet ongoing financial commitments and avoid delays in the project.
Considering the request, the government has now authorised the additional ₹50 crore. KMRL has been directed to regularise the expenditure through reappropriation of savings or supplementary demand for grants before the close of the current financial year.