1,000 CNG-powered buses that will be based in Kochi as announced in the stateÂ´s budget are expected to replace as many buses that will be pulled out of service over a five-year period from the Kerala State Road Transport Corporation (KSRTC).
Kochi Metro Rail Limited and National Payment Corporation of India have signed an MoU to be associated with the roll-out of a common mobility card for greater Kochi area through the use of NPCIÂ´s RuPay specifications for cards and payment terminals and other payment modes.
The total investment required in urban transport works out to roughly about Rs.1 lakh crore per year for the next 20 years. It is important to find appropriate ways and means to be able to generate this kind of investment.The next phase of IndiaÂ´s growth is predominantly dependent on planned urbanisation and the key to planned urbanisation is robust.
The Kerala government would explore the possibility of forming a project-specific Special Purpose Vehicle (SPV) to implement the proposed Nilambur-Sulthan Bathery-Nanjangud rail line project by bringing in private sector and foreign partners with requisite expertise.
Petronet LNG is planning to let out its liquefied natural gas (LNG) storage facility at Kochi to an international operator to improve utilisation. The 5-million-tonne-a-year terminal is operating at just 5 per cent of its total capacity posing a heavy burden to the company, as it is not connected with pipelinesÂ´ network.
Operator of Vallarpadam port in Kerala, DP World has decided to hike the terminal handling charges (THC) from 1 January. Hence shippers in Kochi will have to shell out more to move their goods. The Tariff Authority for Major Ports (TAMP) has allowed the international container transhipment terminal to increase THC by 3.48 per cent. DP World stated that the proposed hike would be according to the TAMP directive, which approved a 3.48 per cent increase in tariff charges for five years.