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Less commuters: Rough patch for Kochi Water Metro?
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India’s first water metro project in Kochi to begin in July 2022
The country’s first water metro project Kochi Water Metro, linking ten islands surrounding the port city Kochi will begin on a pilot basis in July 2022.
The integrated ferry transport project in the Greater Kochi region is presented by Kochi Metro Rail Limited (KMRL). It will be a socially inclusive transport system with an elite touch with an affordable label. Trial runs have already begun, and main terminal work has been completed. Kochi Water Metro, a subsidiary of Kochi Metro Rail Ltd, has streamlined 15 routes that cover 75 km, and the Cochin Shipyard Ltd is creating ..
Kochi Water Metro project still stalled after several deadlines
The Kochi Water Metro project continues to delay without clear reasons even though the project was commissioned by 2020.
The authorities have revised the deadline several times and are now scheduled to be operational by June-July. CM Pinarayi Vijayan inaugurated the first route and terminal of the metro in February 2021. However, the boat service is yet to begin on the Vyttila-Kakkanad. According to an official, the unavailability of boats is the major reason for the delay. The service will begin after getting at least five boats. The official said that the C..
Electric boats worth Rs 747 cr given by CSL to Kochi Metro Rail
The first-ever 23 electric water metro boats worth Rs 747 crore for the Kochi Water Metro project was handed over to Kochi Metro Rail Limited (KMRL) by Cochin Shipyard Limited (CSL).
The 50 passengers water boat was called Muziris, and it had been located in Pattanam, 15 miles from Kochi. Managing Director of KMRL, Loknath Behera and Madhumita Behera, his wife, were the chief guests at the ceremony. Other senior officials of CSL and KMRL were also present there. Another batch of four more water boats might be launched soon. These boats will join the first ship to make..
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Nalanda Capital Sells Stake in Great Eastern Shipping
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The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..
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