Kochi : The Kochi Metro Railway Ltd’s board meeting here on May 24 is expected to finalise funding strategy and certain key aspects of the KMRL’s coach carrying capacity, the coach dimension and train formation.
The board is also expected to approve the station names for the 22 stations in the firsst phase of Kochi Metro project, a press release here said.
The funding strategy for availing a mix of domestic and foreign loans for funding of KMRL is also likely to be finalised at the meeting.
The board would approve the budget of Kochi Metro for the financial year 2013-14 and also approve the tripartite MoU to be signed between the Central Government, Kerala government and KMRL.
The key business of this board meeting is a detailed evaluation of the time lines and the schedules for
project execution by DMRC.
The Board will also approve the appointment of Ved Mani Tiwari as Director (System), who will be responsible for rolling stock, signalling related aspects.
Two new directors S D Sharma, who will be the representative of the DMRC of Kochi Metro Board and the newly
posted Chief Secretary, E K Bharat Bhushan, will also be introduced in the board.