Kochi Metro Rail hands over rs 15 crore to DMRC

The Kochi Metro Rail Corporation today handed over Rs 15 crore to Delhi Metro Rail Corporation for undertaking preparatory works for the Rs 5000 crore Kochi Metro Rail project. The amount is for construction of Salim Rajan Railway over bridge, North railway overbridge, widening of Banerjee road, South railway station road and MG Road, Kochi Metro Rail Managing Director Tom Jose said. The total cost for the preparatory works is Rs 158.68 crore, of which Rs 38 crore, including Rs 15 crore, has been handed over to DMRC, a press release here said.

E Sreedharan to head Kochi Metro

Finally, the announcement has come. India's metro man E Sreedharan has been chosen to head the Kochi Metro rail project. Electricity minister Aryadan Mohammed said on Tuesday that the Delhi Metro Rail Corporation (DMRC) chief would be given charge of the project and he would oversee the construction works.

The minister made the announcement after holding talks with Sreedharan in New Delhi. A team of ministers, including chief minister Oommen Chandy and senior officials held discussions with the DMRC chief.

Sreedharan had earlier expressed his willingness to render any service to the state. He is currently the managing director of DMRC. His tenure with Delhi Metro will end by December 31, 2011.

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Central nod to Chennai-model Kochi Metro rail

The Ministry of Urban Development has reportedly given approval to model the Kochi Metro rail on the lines of Chennai Metro rail.

A draft in this regard has been prepared by the Cabinet.

There will be no private participation in the project. The amount which was earmarked for the project will be increased to Rs. 5,016 crore from Rs. 1,886 crore, as 51 percentage of the amount will be taken by way of loan.

The project will be submitted before the Cabinet only after receiving a nod from the Finance Ministry.