KMRL Seeks Revised ₹1,957 Cr Approval as Phase II Progresses

Kochi Metro Rail Limited (KMRL) has formally approached the Kerala state government for revised administrative approval for Phase II of the Kochi Metro project, reflecting an updated investment target of ₹1,957.05 crore due to increased base costs and taxation.

Following the original DPR submission in January 2019, formal approval was secured in November 2022, with loan clearance finalized in June 2023. A visiting delegation from the Asian Infrastructure Investment Bank (AIIB), which is providing a ₹1,016.24 crore loan, recently commended the project's physical and financial milestones, safety management, and environmental compliance, reaffirming its interest in future joint initiatives.

Work on the 11.20 km corridor linking Jawaharlal Nehru Stadium to SmartCity via Kakkanad is underway. Over 6.5 km of the viaduct is complete, with track laying, signaling, and telecommunication systems progressing rapidly.

News by Rahul Yelligetti.