The Kochi Metro Rail Ltd (KMRL) has decided to extend the existing metro rail project into phase two of the project starting from Jawaharlal Nehru stadium to Kakkanad and is hopeful about getting the required Centre government's sanctions. Though the Metro agency does not face any shortage in funds for executing various projects which are already approved and is in the process of execution, officials are concerned about implementation of projects like Bliss City being planned at Kakkanad. The financial crisis has in no way affected ongoing projects like Kochi Water Metro project, Petta-Tripunithura extension of Kochi metro and widening of the stretch between Cochin Special Economic Zone and Collectorate Junction at Kakkanad. Moreover, KMRL has also received financial assistance from foreign funding agencies so there will not be any shortage of funds. The hope is that the Centre will accord approval for extension plans as it will give a much-needed impetus to the economy,‖ said a senior official. In the meantime, KMRL will have to meet expenses related to maintenance of its assets as well that of staff.
📅Published on:
05 June 2020
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