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French agency to extend 175 mn EUR loan for Kochi metro

Julian HOARAU - 15-nov.-2016 07:17:52
Kochi, Nov 14 (PTI): Kochi Metro Rail’s extension plan has got a major boost with a French funding agency agreeing to provide a loan of around 175 million Euros for the project. A Kochi Metro Rail (KMRL) spokesperson said the Agence Francaise de Developpement (AFD) has offered to fund the metro rail’s extension from JLN Stadium to Infopark via Kakkanad. Considering it as a special case, the French agency agreed to extend the loan for a longer tenure of 25 years at an interest rate of 1.35 per cent. The normal tenure for such loans for urban infrastructure is presently 20 years. "It is a matter of pride for Kochi Metro Rail Limited that AFD has agreed to this offer. This is an indication of the funding agency’s faith in KMRL’s capabilities and its objectives", said Elias George, Managing Director, KMRL. The loan also includes a component of EUR 22 million for the non-motorised transportation works at 20 stations, pedestrianisation of M G Road and junction improvement in Aluva, Edapally and Vyttila. Discussion on the proposed extension of Kochi Metro Rail project from JLN Stadium to Infopark via Kakkanad over a distance of 11.2 km at a cost of Rs 2,024 crore was held at the seventh Annual Negotiation Meeting between the Ministry of Finance, Government of India and AFD at Paris on November 9 and 10. The meeting was attended by KMRL Managing Director Elias George and S Selvakumar, Joint Secretary (ABC) in the Finance Ministry. "It was also decided in the meeting that even though the Kakkanad extension proposal is yet to be formally approved by the Government of India, AFD have also agreed, as a very special case, to procure all their formal Board approvals even before the extension proposal is administratively sanctioned by the Government of India, so that no time is lost in launching implementation of the project,"a KMRL release said.   It is expected that AFD’s Board will clear the proposal in December 2016, it added.

Sustainable urban development and smart cities: France strongly increases its financial support after PM Modi’s visit to Paris

Thomas ILHE - 28-mai-2015 13:02:36
During Prime Minister Modi’s visit to France (9-13 April 2015), President Hollande decided to increase France’s line of credit from €1bn ($1.09bn for 3 years) to €2bn ($2.18bn) to support projects related to sustainable urban development and smart cities in India. France’s public financial institution “Agence française de développement” (AFD) will now be able to engage in a variety of projects across India. AFD’s total commitment in India already represents €1bn ($1.09bn), half of which is dedicated to two high-profile metro projects: the construction of the metro in Kochi and Bangalore. On the occasion of the annual consultations between the Department of Economic Affairs, Government of India and Agence française de développement (27-28 May 2015), the French Embassy organized a public event in the presence of H.E. Mr François Richier, Ambassador of France to India, on Wednesday, 27th May 2015. Agence française de développement (AFD) in India / French Embassy in India: “Agence française de développement” (AFD) is France’s bilateral financial institution. Operating on four continents via a network of 72 offices, AFD finances and supports projects related to economic growth and sustainable development. In 2014, AFD earmarked €8.1 billion to finance projects abroad and in overseas France. An intergovernmental agreement on Indo-French cooperation signed on 29 September, 2008 materializes AFD’s mandate in India, which consists of a financial and technical assistance to the Government, the regional States, the city councils and public enterprises (PSUs), in three main sectors: clean energy, sustainable urban development and protection of biodiversity. Photo credit : Kochi Metro Rail Limited  

Venkaiah Naidu unveils first ‘Made in India’ car-body shell for Kochi Metro

Ridhima Verma - 23-mars-2015 07:10:02
  Kochi, 21st March, 2015: The manufacture of Kochi metro coaches has officially commenced at Sri City manufacturing unit of Alstom Transport India Limited[1]. Shri. Venkaiah Naidu, Honourable Union Minister for Urban Development, Parliamentary Affairs, Housing and Urban Poverty Alleviation, unveiled the first ‘Made in India’ car-body shell for Kochi Metro. Shri. Aryadan Muhammed, the honourable Minister of Kerala for Power and Metro, Shri. Varaprasad Rao Velagapalli, MP of Tirupati, Shri. K.V. Thomas, MP of Kochi, H.E. François Richier, Ambassador of France in India, Ms. Aude Flogny, Regional Director, South Asia, AFD, Mr. Dominique Pouliquen, Senior Vice President, Alstom Transport and many other official dignitaries from Kochi Metro Rail Limited (KMRL) and Delhi Metro Rail Corporation (DMRC) graced the occasion.   The Hon’ble Ministers from Andhra Pradesh, Dr. P. Narayana, Minister for Municipal Administration & Urban Development, Urban Water Supply and Urban Planning and Mr. B. Gopala Krishna Reddy, Environment & Forests, Science & Technology, Cooperation also attended the function. Shri. Oommen Chandy, honourable Chief Minister of Kerala joined this auspicious function through teleconferencing.   Alstom was awarded a contract to supply 25 state-of-the-art Metropolis train sets to Kochi Metro. The first train sets are expected to be delivered in early 2016.     Alstom is in charge of the design, manufacturing, supply, installation, testing and commissioning of 25 standard track gauge trains with an option to supply 25 additional metro sets. Each train will be composed of 3 cars, about 65 m long and with a capacity to carry up to 975 passengers. Recently, Alstom was awarded two more contracts for Kochi Metro Project to supply signalling, telecom and electrification solutions.   Speaking on the occasion, Mr. Elias George, MD, KMRL, said, “KMRL expects that our rolling stock will be one of the fastest delivered coaches for any metro project in this country with the most modern design and advanced technology while also being cost effective. Efforts have been taken to enhance the customer experience to all possible aspects in the train”.   Speaking on the occasion, Mr. Bharat Salhotra, Managing Director, Alstom Transport India, said, “With the commencement of production at Sricity for Kochi metro, Alstom Transport in India has added yet another feather in its cap. These trains will be manufactured end-to-end at our world class manufacturing facility at Sricity, which is a manifestation of the governments ‘Make in India’ vision. The order from Kochi is our second metro contract in the country after Chennai and reaffirms our commitment to provide 100% localised, competitive, innovative and high value products for our customers to serve the ever growing urban and mainline transportation market in India".   Kochi Metro Rail Limited   Kochi Metro Rail Limited (KMRL) is a Special Purpose Vehicle (SPV), which was constituted to handle Kochi Metro Project– a joint venture of Government of India & Government of Kerala. Kochi Metro was designed not just to solve the current traffic troubles in the city, but to stand as a symbol of development and progress, providing the coming generations with a cleaner, pollution free, modern Kochi. The project has a grander vision for the city of Kochi than just the metro service. Kochi Metro Rail Limited envisages for enhancing the life of Kochi’s residents with a better, safer and cleaner urban transport network; one that is integrated and sustainable but never compromising on comfortable mobility. It is the only Metro System in India designed with a Multi Modal Transportation Plan, which combines Kochi’s under-utilized waterways, untapped Non-Motorised Transport Systems, vast private bus network and economical feeder services for Last Mile Connectivity. Kochi Metro Rail Limited has proposed an elevated route spanning 25.612 km from Aluva to Petta with 22 stations for the first phase of Kochi Metro project. It is expected to be completed by 2016.   About Alstom in India   Alstom is a global leader in power generation, power transmission and rail infrastructure. Present in India since 1911, Alstom has strong capabilities in engineering, manufacturing, project management and supply of products and solutions for infrastructure. Alstom has four R&D centres in India: Transport in Bengaluru, Hydro Global Technology Centre in Vadodara and Grid R&D centres in Hosur & Padappai. It has three engineering centres for Power in Noida, Vadodara and Kolkata and fourteen manufacturing units dedicated to: Power - Hydro in Vadodara, Boilers in Durgapur, Power Mills in Shahabad, Steam turbines in Gujarat, Transport at Coimbatore and SriCity and Grid in Padappai, Pallavaram, Hosur, Vadodara, Naini and Noida.   For media queries:   Reshmi C R                                                         Senior Manager- Corporate Communications   Kochi Metro Rail Limited   Email: reshmi@kochimetromail.com   Ph: 0484 - 2350355, 2350455, 2380980   Mobile: +91-94464 18222   Sapna Lalwani   Communications Director – India & South Asia   Alstom Transport India Ltd   Tel: +91 911204731676;   sapna.lalwani@alstom.com   [1] Alstom herein refers to Alstom Transport India Limited (ATIL). It (ATIL) is a part of Alstom Group and is not a part of Alstom India Limited nor Alstom T&D India Limited.   For more information:   http://www.alstom.com/press-centre/2015/3/venkaiah-naidu-unveils-first-made-in-india-car-body-shell-for-kochi-metro-/ http://www.thehindubusinessline.com/industry-and-economy/logistics/alstom-starts-manufacture-of-coaches-for-kochi-metro-at-sri-city-facility/article7018605.ece http://www.thehindubusinessline.com/companies/alstom-says-coaches-for-kochi-metro-will-be-cheaper/article7020846.ece  
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Sophie Clavelier, Country Head   Welcome to the French Trade Commission Business France in India!     Our key mission is to promote trade relations between France and India. We assist French- based companies seeking potential partners and new markets in India, while helping Indian businesses to identify potential French suppliers, commercial and technical partners.   In India, our 4 offices are located in business hubs, New Delhi, Mumbai, Bengaluru and Chennai. We have a dedicated multicultural team of 38 experts in the following growing sectors: Agrofood Industry Industry and Cleantech Lifestyle and Healthcare Tech & Services Our Trade Commission also has a Press office in charge of helping French companies to communicate in India as well as a Market Access Department enabling them to better understand and adjust to the Indian regulatory and fiscal framework. In

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