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IIM-K submits report on Water Metro s fare structure

Updated: Share Article AAA A 3D image of KMRL’s Water Metro ferries that are being built at Cochin Shipyard.   Kochi Metro Rail Limited (KMRL) is in the process of finalising the fare structure of 23 ferries that will be introduced this month as part of the ₹747-crore Water Metro project, with the Indian Institute of Management, Kozhikode (IIM-K) conducting a comprehensive survey and submitting a report. The metro agency’s finance wing is reviewing the report, following which the Managing Director will take a call on the fare structure and forward it to the State government for approval. The fare would most likely be similar to that charged by Vega-120, the State Water Transport Department’s partly-AC fast ferry that operated in the Vaikom-Ernakulam-Fort Kochi sector, said official sources.

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