Smartcity: Kerala moves closer to clinching deal


Feb 27, 2007
Smartcity: Kerala moves closer to clinching deal


T'PURAM: Kerala on Monday moved closer to clinching a deal with Dubai-based TECOM on setting up smartcity it park in Kochi with both the sides sorting out differences over most issues.

The crucial round of talks began on Sunday. Chief Minister V S Achuthanandan said a definite picture was expected to emerge in a day or two as the executives of technology and media free zone authority (TECOM) would give final word tomorrow after clarifying certain points with its board of directors.

The government was optimistic of arriving at an agreement before the state assembly's budget session beginning on March two, as a consensus had been reached in most of the issues, he told reporters.

The tecom team led by its executive director Farid Abdul Rahman also expressed optimism on reaching an agreement.

The Rs 1600 crore smartcity proposal, promising to create thousands of jobs, came up when the UDF was in power but it could not materialise as the assembly polls were announced before the negotiations were concluded.

The LDF, which was in opposition then, had objected to the state agreeing to some of the conditions made by tecom at that time, especially its demand that the existing infopark in Kochi be handed over to it.

Ever since it resumed the negotiations on coming to power, the LDF Government persistently rejected tecom's demand for infopark. The government later succeeded in bringing the promoter round on this vital issue.

News Courtesy "New Ind Press"

Also See

Regional Talks on Smart City project concludes

RegionalTalks on Smart City project concludes
By Roy Mathew

Thiruvananthapuram, Feb. 26: The final round of talks between the Kerala Government and the Dubai Internet and Media Free Zone Authority for establishment of Smart City Project concluded here this afternoon.

Chief Minister V. S. Achuthanandan told media persons that the project was coming through. The lease terms had been among the issues that remained to be sorted out.
Mr. Achuthanandan said that the Authority had sought some clarifications and these had been discussed. The understanding reached during talks would now have to be approved by the Director Board of the Authority.

He had told the Authority to take their decisions early enough so that the agreement could be signed before the commencement of the Assembly session on March 2.

News Courtesy- The Hindu
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