Kochi Metro Rail Board’s Approve a job scheme.

Published on: 22 Jan, 2015
Published under: Kerala Business News

Kochi Metro Rail

The Kochi Metro Rail Board yesterday gave its approval to a scheme in which a job will be provided to a qualified person of each family whose land had been acquired for the project.

The decision in this regard was approved at the meeting of Board of Directors of KMRL held at Delhi under the chairmanship of Shankar Aggarwal, Secretary, Urban Development and Chairman Kochi Metro Rail ltd

“The Board has approved a supplementary policy for providing Rehabilitation and Resettlement benefits to persons affected by land acquisition. (This is) by approving a scheme to give preference to one person per affected family for filling up the arising vacancies, subject to the person being suitably qualified in other respects,” KMRL said in a release here.

The Board has also agreed on the proposal for permitting small merchants and commercial establishments who are displaced by the Kochi Metro Rail project, to have the ‘Right of first refusal’ in the location of commercial spaces developed by KMRL.

This entitlement will be limited to one commercial space per affected establishment.

The Board also cleared a proposal for availing an additional term loan of Rs 470 crore from the Ernakulam District Cooperative Bank for funding the land acquisition requirements for the Kochi Metro Rail project, as well as for widening the Vyttila-Petta road.

The Board also approved the proposal for engaging a competent agency for providing consultancy services aimed at discovering and determining fare options in a multi-modal transit environment.


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