The Kerala Cabinet has approved the Rs 3000 crore Kochi Metro Rail project and sent it to the Centre for ratification, Chief Minister VS Achuthanandan said on Wednesday.
The project envisages having rail transport facility on an elevated platform between Aluva and Tripunithura covering a distance of 25 km and would be implemented by Delhi Metro Corporation, Achuthanandan told reporters after a cabinet meeting.
The State's share in the project would be Rs 450 crore and it was also proposed to set up a Corporation similar to the Delhi Metro Corporation to execute the project, expected to ease the transportation problem of Kochi city.
It was a joint venture project of the state and Centre. Funds for the project would be mobilised by all partners, he said.