The conditional approval is valid till December 31 this year or until full operationalisation of Digital Sky Platform (Phase-1), whichever is earlier, according to a release issued on Wednesday.
The boats that Cochin Shipyard is building are aimed at strengthening Kochi Metro Rail’s last-mile connectivity with islands around Kochi.
The Department of Economic Affairs under the Ministry of Finance, proposed the project to KfW, the German bank, which has agreed to fund the project with their recommendation, a KMRL release said. It is expected to be included in the next Board of Directors of KfW, which will be held next month, it said.
A 10-member fact-finding mission from the Japan Investment Corporation Agency (JICA) will arrive in Kochi to discuss various issues relating to the Kochi Metro Rail (KMRL) project, including planning and technology updatation.