A high-level team from German Development Bank KfW will arrive here on Friday for an appraisal-cum-site visit, prior to sanctioning Rs. 624 crore loan to modernise waterways in the greater-Kochi region.
The bank had offered to provide a long-term loan at less than 2 per cent interest rate. It would take a final call on the issue after its final mission in August, Kochi Metro Rail Limited (KMRL) sources said. French development assistance agency AFD too had offered to fund the project.
The visiting team would hold a meeting with KMRL on Friday and later visit water transport terminals like Vyttila Mobility Hub.
German Bank had offered loan to modernise waterways in the greater-Kochi region.
