SmartCity Kochi Deal off, says S.Sharma if TECOM adamant

The deal between Kerala government and TECOM will have to be declared null and void if the later remains adamant on free-hold rights for 12 per cent of land, fisheries minister S. Sharma said Sunday

In that case the next cabinet meet will decide on the future course of action he said. He said though several private players have evinced interest in the roject no talks have been held in this regard

The company wants free-hold rights on 12 per cent of land meant for the project, but according to the government his demand is not part of the framework agreement signed between the two parties.

Kerala Chief Minister V.S. Achuthanandan had Saturday asked Smart City Dubai, the developer of a proposed IT park here, to stick to the framework agreement or else the government would "look for other options".

Earlier, the chief minister had said the Dubai firm was financially "broke" and was now coming up with fresh demands that were not part of the framework agreement signed by the two sides to delay the project.

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