Yet to hear from TECOM about their Final Stand: S. Sarma

Fisheries Minister S. Sarma said that the government was yet to hear from TECOM, the Dubai-based promoters of the SmartCity Project in Kochi, about their final stand on issues discussed at the conference held at Kovalam recently to end the imbroglio over the project.

The State government had taken the stand that while the land sought by them as free hold could be given, it would not grant them the right to sell the land. The promoters wanted the right to sell the land.

However, the government stuck to the terms of the original agreement. They had stated that they would communicate their final decision on the issue after reaching Dubai.

The Minister, who is heading the joint sector company formed to implement the project, said that the government wanted the issue to be decided soon. It had not fixed any cut-off date and had not thought of alternatives. The Cabinet would discuss Chief Secretary Neela Gangadharan’s report on the talks next week.

Via