Pages Navigation Menu
KMRL Solar Energy Policy    KMRL Energy Management Policy

Kochi Metro, AFD to ink loan pact – The Hindu Business Line

French foreign development aid agency Agence Francaise de Developpemente (AFD) and Kochi Metro Rail Ltd will sign an agreement on February 8 for financing the 25-km Kochi metro project . A KMRL board meeting, chaired by Union Urban Development Secretary Sudhir Krishna, on Monday decided to take the AFD’s loan offer of €180 million euros (around ₹1,500 crore) for the 5,337-crore metro project. The loan has a 20-year repayment schedule and five-year grace period.

Leave a Comment

Your email address will not be published. Required fields are marked *