DMRC to accept KMRL project soon

11 December 2012
Kochi

The Delhi Metro Rail Corporation (DMRC) is moving closer to accepting Kerala’s demand for assuming a prominent role in the execution of the Kochi Metro rail project.

Chief secretaries of Kerala and Delhi as well as top officials of DMRC and KMRL had taken part in the discussions.”The draft would spell out the roles of both DMRC and KMRL in executing the project. It would be finalised later this week or early next week,” George said.

The draft will be prepared jointly by DMRC MD Mangu Singh and KMRL MD Elias George. KMRL and DMRC would then sign the MoU for executing the project, he said. According to official sources, DMRC has been insisting earlier that KMRL, which has been formed as a special purpose vehicle (SPV) for the Metro project, should bear the ultimate responsibility for the project

However, the Kerala government has been demanding that DMRC, which has the track record of implementing Metro rail projects, should play a greater role in the execution of Kochi Metro project as well. The Kerala side felt this would be helpful for the timely execution of the project.

Source-http://timesofindia.indiatimes.com/city/kochi/DMRC-KMRL-consensus-soon/articleshow/17566314.cms

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