Kerala Chief Minister Oomen Chandy officially
announced that the Metro Rail project will be extended to Nedumbassery. CM also
added that fair value would be given to the land is acquired. After that
completion of Phase I and Phase II work will starts on for the Nedumbassery extension.
The execution of the extension plan will begin soon after the completion of the
work in the Aluva-Petta stretch. However the nod from Public Investment Board (PIB)
and central government is necessary for executing the extension of the plan.
KMPL will also look into the possibilities of availing funds from domestic
agencies such as HUDCO, India Infrastructure Finance Company Private Ltd and a
consortium of nationalised banks in India.
Metro Rail Projects brings out huge changes in the
sector of real estate in Cochin especially in Nedumbassery through the extension
of Metre Rail. Flats
in Nedumbassery make a brighter way through the developments made in the city
by the extension of Metro rail and International Airport.
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