Ending all doubts, Kerala’s first Metro Rail Project at Kochi is all set to become a reality with the state government deciding to entrust Delhi Metro Rail Corporation (DMRC) with the task of executing the project under the leadership of former DMRC Chief E Sreedharan.
Former Delhi Metro Rail Corporation managing director, Mr E. Sreedharan, said that the Kochi Metro Rail Ltd formed for the Metro was needed and would continue even if DMRC was made the implementing agency for the project.
He said here on Wednesday that there was no confrontation with the special purpose body or its head and unnecessary controversies should be avoided. KMRL might be reconstituted once it receives the central nod. “Then half of its representatives, including the chairman, will be from the Centre,” he said.
“KMRL wanted to do the project by itself. We explained the various challenges to them and how DMRC would come in handy. We’re not in confrontation at all. It’s just that a final decision has not been made,” he explained.
“KMRL will deal with arranging funds, land acquisition, the issue of licences and monitor the work,” he told Kochi mayor Mr Tony Chammani and MLA Mr Hibi Eden who came to meet him.
He also said, “If KMRL appoints other consultants, it would spend about seven to eight per cent on establishment costs. Though our standard rate is nine per cent there will be a concession.