KMRL managing director G Priyanka chairs the review meeting with the high-level AIIB delegation to evaluate the progress and financial standing of Kochi Metro Phase II
Kochi: A high-level delegation from Asian Infrastructure Investment Bank (AIIB), which is providing an external loan of Rs 1,016 crore for Kochi Metro’s Phase II project, on Monday reviewed the progress and financial standing of Pink Line section.
Key agenda items included land acquisition status, environmental management plans, worker safety protocols, and climate resilience measures designed for the infrastructure,” a Metro spokesperson said. “The discussions focused on the physical progress, construction contracts, and related operational activities along the proposed corridor connecting Jawaharlal Nehru Stadium station in Kaloor to Infopark, Kakkanad.
We’re confident of meeting the Aug 2027 deadline,” the official said. The total cost of the Phase II expansion is estimated at Rs 1,957.05 crore, funded through equity shares from both the central and state govts alongside multilateral assistance. Featuring 11 elevated stations, Pink Line alignment crosses major commercial and administrative nodes, including Palarivattom, Chembumukku, Vazhakkala, Cochin Special Economic Zone (CSEZ) and Kinfra Park. KMRL is targeting commissioning of the 11.2-km-long elevated corridor by Aug 2027, with civil construction and system integration actively moving ahead. 80% of the viaduct piling is complete While the road widening process is complete.
AIIB expressed satisfaction over work progress, according to sources. “A schedule for disbursement of the loan at various stages will be provided based on work progress. Pillar construction in the pending stretch between JLN Stadium and Palarivattom NH Bypass junction has entered the final stage. AIIB and KMRL officials also reviewed financial aspects, including fund utilisation, contributions from both the central and state govts and the disbursement schedule for AIIB loan.
The delegation will undertake site visits on Tuesday and Wednesday.
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