Kochi Metro Rail project has got an assistance of Rs.462.17 crore in the Union budget
2014-15. The allocation is the same as per the interim budget presented on 17th February this
year has been retained in this budget also.
In this, Rs.233.43 crore will be given as equity contribution, Rs.66.95 crore towards interest
free subordinate debt and Rs.161.79 crore towards pass through external assistance (Loan)
from Agence Francaise De Developpement (AFD).
“Kochi Metro’s fund utilization requirements would be significantly more this year, and we
had requested for Rs.878 crores for this financial year to meet our commitments. KMRL
is hopeful that the Union Government will consider our request and enhance the budget
allocation for enabling us to meet our project commissioning targets”, said Mr. Elias George,