The civic authorities of Kochi are racing against the deadline to complete the construction of the much-delayed Corporation office project at Marine Drive.
Though the project had missed several deadlines, the civic authorities said efforts were being made to finish the work in accordance with the revised schedule. At present, the Corporation has set apart funds to keep the project going. The civic administrators expect little financial aid from the cash-strapped State government and have decided to raise a bank loan to complete the project. The Corporation may require around ₹40 crore at the time of the completion of the project to clear bills.
The civic body has got some breathing time to raise a bank loan for the final settlement of bills, said a civic official.
