Naidu was speaking after reviewing the progress of the Rs 5181 crore project of about 25.612 km from Aluva to Pettah stretch.
On the proposed second phase extension to Kochi airport and Kakkanad, the minister said government was inclined to support the proposal, but only after their viability and financial feasibility are worked out.
"We will be inclined to support the scheme, but provided the details are worked out and then viablity and financial feasiblity has to be studied', the minister said.
Kochi Metro Rail Ltd Managing Director, Elias George informed the minister about the issues regarding funding.
Though KRML had sought Rs 800 crore as equity this year, the Centre had so far given only Rs 400 crore, KMRL sources said. The KMRL has sought for Rs 400 crore more.
The KMRL also submitted a Rs 57 crore project for reviving water transport to the minister. This project has already got the sanction of the state government.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
