The Kochi Metro completed one year of commercial operations today and was moving on the right track with increase in the number of passengers and income, Chief Minister Pinarayi Vijayan said.
One of its main achievements was having brought down the loss from Rs six crore it incurred in the initial six months to Rs three crore at present, he said in a Facebook post.
The average number of passengers using the metro has also doubled from 20,000 to 40,000 per day, he said adding the number of people travelling during holidays has touched nearly 60,000.
The foundation for Kochi Metro Rail Limited, a 50-50 Joint Venture of the Centre and the state government, was laid on September 13, 2012 by then Prime Minister Manmohan Singh.
The total length of the Kochi Metro (KMRL) is 25 km.
The first phase of the 13.26 km Aluva-Palarivattom stretch was inaugurated by Prime Minister Narendra Modi on June 17 last year.
The second reach of Kochi Metro from Palarivattom to Maharaja's College ground in the heart of the city was commissioned on October 3 last year.
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