Vyttila hub spend may not cross Rs 300 cr in 2nd phase

May 16, 2012 |

Kochi

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The enlarged draft of the second phase of the Vyttila Mobility Hub project, which is being changed to incorporate the entry of the Kochi Metro rail into the hub, will be ready within four months.

The survey for the metro rail track to the hub and the metro station has already been completed and with the commissioning of the second phase, the Vyttila Mobility Hub will become one of the finest hubs in south Asia, officials said.

The bus terminal has been completed at the hub in the first phase and two more phases are now left.

Mobility Hub managing director Dr Beena said that she does not expect any remarkable escalation in the expenditure on the second phase with the inclusion of the Metro rail station.

She said that a sum of Rs 300 crore is expected to be spent on the second phase of the hub.

Dr Beena said that KITCO has been entrusted with the task of preparing the draft for the second phase and it is holding discussions with different agencies in this regard. “Once this draft is available, we will proceed with implementing the phase work”, she said.

The complete responsibility of the Metro rail works at the hub will be with DMRC and KMRL. The metro rail station will come up at the north-western part of the mobility hub.

The hub society has decided to mop up Rs 250 crore by forming a consortium of banks and will request the state government to provide the remaining Rs 50 crore.

A two-storied parking terminal, underground parking area and shopping complexes will also be built in the second phase.

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