The State Cabinet on Wednesday cleared revised administrative sanction of Rs 2,024 crore for the 11.2-km stretch of Kochi Metro Rail from Jawaharlal Nehru Stadium to Kakkanad. Briefing the Cabinet decisions here, Chief Minister Oommen Chandy said a decision was taken to fix the Union Government share of funding as 20 per cent and submit the same before the Centre for approval.
The Union Government had earlier informed the state that it should meet expenses of all developmental activities to be carried out as part of Kochi Metro Rail project. Kochi Metro Rail Limited (KMRL) is of the view that the 11.2-km Metro Rail project from Jawaharlal Nehru Stadium to Infopark through Kakkanad is not part of the existing project. It's a separate project which can be linked with the existing one.
It was pointed out that once the new Metro Rail line to Infopark becomes a reality, it would be more beneficial to the city. The KMRL Board meeting had held detailed deliberations on the new project and had requested the state government to submit the proposal before the Centre for approval.
Math Lab,” a press statement said.
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