Ambassador of France hopes AFD will extend support to Metro

Image
Press Trust of India Kochi
Last Updated : Dec 13 2016 | 5:13 PM IST
: Alexandre Ziegler, Ambassador of France to India, today expressed hope that French Development Agency (AFD) would extend financial support to the second phase of Kerala's ambitious Kochi Metro Rail Project.
After visiting construction sites of the metro project as well as the depot at Muttom, along with Nicolas Fornage, Regional Director for South Asia - AFD, he said a proposal for a new funding of EUR 180 million would be presented to AFD's Board on December 15, aimed at partially financing Phase II of Kochi metro.
He said the board is expected to take a favourable decision in this regard.
Talking to reporters here after holding discussions with Elias George, Managing Director, Kochi Metro Rail Limited (KMRL), Ambassador Ziegler said that the project being executed to provide a sustainable transport system to the city was one of the "most cost effective" ones.
Noting that AFD is partner to such development initiatives world wide, the Ambassador said Kochi Metro probably be "one of the most cost effective" one.
The Ambassador expressed his satisfaction over the progress of the project.
KMRL has requested AFD to fund the second phase of Kochi Metro and improvements of major junctions like Edappally and Kalamassery.
Earlier, AFD and KMRL had carried out discussions on revamping Vyttila Mobility Hub and additional support for city improvements and place-making projects.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 13 2016 | 5:13 PM IST

Next Story