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    Kochi Metro to lease out 70% of commercial space

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    Kochi Metro

    Kochi Metro authorities are expecting that at least 70% of the total commercial space in Metro stations would be leased out within two months, a development which would be give a boost to the alternative revenue generation of the KMRL.

    Many institutions including leading banks are leasing out space in Metro stations.

    Dormitories and libraries have also approached the Metro authorities for leasing the space at stations. “Five leading banks are signing agreements with us and some of them have already signed for leasing out space in Metro stations for their offices,” KMRL managing director Mohammed Hanish said.

    Other modes of alternative revenue like allotting Metro pillars for erecting billboards also are reaping in revenue.

    On the proposed Metro township at NGO quarters near Kakkanad, Hanish said that the government is expected to give approval for the same soon. “Though the state government had given clearance for the project twice. It was due to certain issues related PWD rest house in the said property that the project has been delayed. Now, we have exempted the PWD rest house and we will set up Metro township in the remaining 17 acres if the government gives its nod for the project,” Hanish said.

    Metro police station near Cusat Metro station would soon be inaugurated depending on the availability of chief minister for the event. At least 40% of the energy needs of Kochi Metro would be met from solar sources. As of now, 20% of the total energy needs of Metro is from solar power.

    Info- https://realty.economictimes

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