The 24th meeting of the Board of Directors of Kochi Metro Rail Ltd. was held in Delhi on 19th July 2016, under the chairmanship of Shri. Rajiv Gauba, Secretary, Urban Development and Chairman, Kochi Metro Rail Ltd.
The Board approved a proposal for improving traffic flow as well as junctions and station locations across Kochi at a total cost of Rs.100 crore. The French funding agency, Agence Francaise de Developpement (AFD) has agreed in principle to provide loan funding for this initiative also. This proposal includes the improvement of areas around 20 metro stations, provision of footpaths and drains, covered walkway, bus-bays, parking areas, pedestrian crossing, providing landscaping and greenery, improvement of Edapally, Vyttila and Aluva junctions as well as few walkway projects.
The Board also approved a proposal for developing 17.315 acres of land at Kakkanad with residential and appurtenant commercial development. It is expected that this project will considerably improve the revenues at the bottom line of Kochi Metro Rail.
The Board agreed to constitute a Board Sub-Committees for selecting a Woman Director, an Independent Director and a Chief Vigilance Officer for KMRL.
The Board approved a proposal for the procurement of an integrated Asset Management System for managing the entire network of assets of the Kochi Metro Rail project. The board also reviewed the project progress and the schedule of progress for the next few months

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