The Kochi Metro Rail Limited (KMRL) might not wait for the completion of the first phase of metro rail to put the extension to Infopark Kochi in to action.
Agence Francaise de Developpement (AFD), the French funding agency that had offered Rs. 1,500 crore loan to the project, is willing to fund the extension. Hence, the work of the Infopark line can be commenced sooner than anticipated.
KMRL will submit the extension plan later this week for approval from the state government. Once this is granted, the proposal will be submitted before the central government. After statutory approval, tenders will be floated.
Early completion of the extension line to Infopark is expected to improve the financial viability of Phase I.
Source: The New Indian Express