KMRL Gets Nod To Seek Rs 10,160 Million Loan For Kochi Metro Phase Two

17 Feb 2026 CW Team

Kochi Metro Rail Limited (KMRL) has received approval to seek a loan of Rs 10,160 million to fund Kochi Metro phase two. The approval allows KMRL to initiate formal funding applications and explore financing options for the next stage of the metro project. The amount corresponds to 10,160 million (10,160 mn) and will be referenced subsequently using the abbreviation mn for million.

KMRL will allocate the funds to core components of phase two, including civil works, systems integration, station construction and procurement of rolling stock where required. The financing is intended to cover capital expenditure and ancillary costs such as land acquisition, design work and project management, subject to the terms agreed with lenders. Project officials will manage disbursements in phases to align with construction milestones and contractual obligations.

The company will proceed to engage potential lenders, prepare detailed project reports and comply with statutory clearances and financial due diligence procedures. Commercial and multilateral banks, as well as infrastructure financiers, may be approached to assess lending terms, covenants and tenor in keeping with usual practice for urban transport projects. Any loan agreements will be negotiated to balance cost of funds with the need to maintain fiscal prudence for the entity and relevant authorities.

Completion of phase two is expected to enhance urban connectivity and support public transport capacity in the Kochi metropolitan area, improving access for commuters and reducing congestion on arterial roads. The financing step is a critical milestone in advancing construction and operational readiness for the extended corridor. KMRL will continue to brief stakeholders on progress and timelines as the funding process moves forward. Regular updates will be provided to stakeholders.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..