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,

Managing Director, KMRL.Budget picture

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