INDIA: Kochi Metro Rail Ltd and Agence Française de Développement signed a €180m long-term loan agreement on February 8 to finance the first phase of the Kochi metro.

The 25 km elevated north-south line would run from Aluva to Petta with 22 stations. Tenders for 25 standard-gauge cars were invited in October. The project is expected to cost Rs51·7bn.

‘We are very happy that AFD has come forward to fund and assist us in implementing this dream project of Kerala’, said Kochi Metro Rail Managing Director Elias George.