Kerala Monorail Project Set to Go
21 May 2013
Thiruvananthapuram
The agreement and terms of conditions to be signed with the Delhi Metro Rail Corporation (DMRC), the general consultant for the monorail projects in Thiruvananthapuram and Kozhikode, have been cleared by the director board of Kerala Monorail Corporation Limited (KMCL).
Drafted by KMCL, the special purpose vehicle (SPV) established by the State government to execute the elevated mass rapid transit system (MRTS) in the two cities, the agreement and terms of conditions were cleared by the KMCL board, chaired by Chief Minister Oommen Chandy, on Saturday.
The DMRC will get 3.25 per cent of the estimated total cost of Rs.5,581 crore as consultancy fee as decided at a board meeting in April. Of the Rs.5,581 crore, Rs.3,590 crore is expected to be incurred for the Thiruvananthapuram project and Rs.1,991 crore for Kozhikode. The DMRC, which prepared the Detailed Project Report (DPR) for the two projects, had suggested a turnkey contractor for operation and maintenance of the projects in the initial five years after commissioning.
With the Cabinet set to clear the agreement with the DMRC, the real challenge now will be to select the funding agency. The Japan International Cooperation Agency (JICA) has evinced ‘keen interest’ to fund the monorail project.
Source– http://www.thehindu.com/news/national/kerala/cabinet-set-to-clear-pact-on-monorail-projects/article4733170.ece?ref=sliderNews
Related News
- Accused of hummer case Nisham’s defence was money
- Maheswari, 85-year-old elephant, dies in Thiruvananthapuram zoo
- BJP-called shutdown in kerala, effected most of the roads and markets.
- Thousands Took Part in “Run Kerala Run” Marathon
- Indefinite Strike By Kerala Doctors Comes to End
- President Pranab Mukherjee Visits Sree Padmanabhaswamy temple
- Vinod Rai Former CAG to Check Sree Padmanabhaswamy Temple Management
Leave a Reply