Thiruvananthapuram, July 7(UNI) Kerala Sports and Youth Affairs Minister M Vijayakumar today told State Assembly the total cost of the proposed Metro Rail at Kochi was expected to be Rs 3,084 crore.
In a written reply to Mr Joseph M Puthuseerry of Kerala Congress (M) and others, he said the State and the Centre would each invest 15 per cent of the total cost and the remaining would be raised as loan from the Japan Bank of International Corporation (JBIC) Stating the total length of the Metro Rail would be 25.253 km, which would be constructed between Aluva and Thripunithura, he said the Delhi Metro Rail Corporation would be the implementing authority.
Work would start immediately after the government received the approval from the Planning Commission and the Centre.
The Minister also said the government had urged the Centre for a High-Speed Corridor connecting IT and Port cities in South India and the request was under the consideration of the Union Government.
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