AFD sanctions INR12.38 billion for Kochi Metro Phase II December 19, 2016 | Asia Pacific Finance France-based Agence Francaise de Developpement (AFD) has sanctioned a loan of INR12.38 billion for Phase II (or Phase IB) of the Kochi Metro project. The loan has a term of 25 years and an interest ra... This content is available to only subscribers. Username or E-mail Password Remember Me Forgot Password