The Housing and Urban Development Corporation (HUDCO) may extend financial assistance upto Rs 700 crore for the construction of the Kochi Metro project in Kerala.
Currently, HUDCO is studying a proposal in this regards. The Kochi metro project is expected to cost over Rs 5,000 crore and would have 22 metro stations.
Earlier, HUDCO had provided Rs 700 crore to
Bangalore Metro and also accorded ‘in principle’ approval to the funding of
Jaipur Metro. Also, it is looking at getting equity in the Delhi-Mumbai Industrial Corridor.