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Metro Rail Projects In IndiaA Study In Project Planning$
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M. Ramachandran

Print publication date: 2011

Print ISBN-13: 9780198073987

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198073987.001.0001

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Metro for Kochi

Metro for Kochi

(p.147) 10 Metro for Kochi
Metro Rail Projects In India

M. Ramachandran

Oxford University Press

This chapter discusses the development of the metro rail system in Kochi. It details the various phases of the project from proposal to implementation. The detailed project report was prepared in 2005 and the state has been in constant touch with the central government for approval of the project, but no decision has been taken so far. While accepting the project report, the state government examined various options of financing such as build-operate-transfer (BOT) and public-private partnership and it was of the view that implementation of the project on BOT basis will not be feasible unless a return of 14 per cent on equity was assured to the BOT operator. Financial analysis indicated that funding to the extent of two-third of the project cost will be needed for this.

Keywords:   metro rail system, mass transit system, project planning, project financing, build-operate-transfer, public-private partnership

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