Log in
Headlines ~
Independence day celebrated with patriotic fervour and freedom spirit in
Three persons arrested in Maple store theft case
305 meter long Tricolour unveiled at Hampankatta on Independence day
69th Independence day celebrated in Nehru Maidan in Mangaluru
Independence day celebrated in Surathkal
Mangaluru: Protest without permission - 29 BJP activists detained
Bannanje Raja brought to Belagavi, in police custody till Aug
Rastrapita Gandhiji offered puja in a temple daily
Fadnavis wants to merge Marathi speaking areas to Maharastra
John Kerry wishes India on 69th Independence Day, praises its

Metro loan: German team to visit Kochi

A team of senior officials from German Development Bank KfW is scheduled to arrive in the city on May 30 to hold discussions with Kochi Metro Rail Limited (KMRL) authorities on a proposed €80-million loan for developing waterways in and around Kochi.

The money would go into inducting high-speed passenger boats, building roads on islands, improving landing facilities such as jetties and livelihood improvement programmes for the islanders.

KMRL managing director Elias George said at a workshop here on Tuesday that if the talks concluded by the end of the month, the loan money could be drawn even as early as December.

The German team was in Kochi at the end of February to take a first-hand look at the Metro rail project and to take stock of the condition of the waterways that need improvement. The waterways are being improved to integrate the metro rail facility with the water transport system.

The expected loan of about Rs. 624 crore will go into the induction of hi-tech boats and the setting up of jetties with better public amenities.
More in this category: « Married woman from Badiadka dies in Rajasthan road accident 75,258 students qualify for engg, 85,829 for medical »