Kochi: An urgent meeting of the board of directors of Kochi Metro Rail Limited will be held in New Delhi on Friday to approve the Axis Bank deal for automatic fare collection card.
The KMRL can go ahead with further steps only after getting the board’s approval. Recently, the Axis Bank had won the national bid for developing and running the automatic fare collection system for Kochi Metro.
In a major deal that will save cost and ensure a future revenue stream, the bank has promised to invest for the system. It will also make a one-time royalty payment of Rs 209 crore to the KMRL.
The deal will help the KMRL save Rs 500-600 crore, the estimated cost for the development and running of the system for all modes of transportation for 10 years.
Coaches of Kochi Metro to be decked with exotic interiors, colours
Tata Elxi, the consultant of the metro for comfort features and branding of coaches, has made an initial presentation at Kochi Metro Rail Limited office.
They say the proposed colour, design and interior features are at par with the international standards.
The next round of meetings with the KMRL officials will be held on April 28 and it will finalise the colour pattern and customer features.
As per the plans, the exterior will be steel coloured while the interior will be painted cool and comfortable colours.
There will be two types of seats, ‘normal’ and ‘priority’. The priority seats, with a different colour pattern, will be reserved for pregnant women, senior citizens and women carrying babies.