Kochi metro to link stations to commercial properties

Kochi metro to link stations to commercial properties
10/05/2018 , by , in News/Views

The cold response to the initiative of Kochi Metro Rail Limited (KMRL) for leasing out its commercial space in Metro stations seems to have forced the agency to think out-of-box. It has now offered to provide direct connectivity to commercial properties, similar to the bridge that connects Edappally Metro station and Lulu Mall. Businesses should give an expression of interest (EoI) to initiate the process.

In a commercial properties expo hosted by KMRL for prospective lessees, KMRL managing director APM Mohammed Hanish said the Metro is open to set up walking bridges to private enterprises.

“Just based on the fare box collection, no Metro in the world has been successful, including the ones in Hong Kong and Singapore. It has been the creation of enormous realty assets and their returns that is propelling them forward. So based on this premise, all the 16 stations from Aluva to Maharaja’s College Ground, have world-class commercial spaces that can be utilized. We are open to the idea of having commercial and business institutions setting up direct connectivity to the Metro stations, similar to what has been initiated by Lulu Mall. It enhances the reputation of both institutions and would result in enormous increase in footfall. Edappally is just the beginning and we are trying to initiate similar tie-ups as soon as possible,” said Mohammed Hanish, while speaking at the event.

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