Kochi: Kerala government on Wednesday sanctioned an additional Rs 297.75 crore for the Kochi Metro project. Out of this, Rs. 88.50 crore is state government's equity share and Rs 209.25 crore for land acquisition, a Kochi Metro press release said.
The allocation would further boost the ongoing land acquisition process. Government had earlier allocated about Rs 100 crore and Rs 19 crore as equity share for the project.
Meanwhile, Abraham Oommen has joined Kochi Metro Rail Limited as Director (Finance). Prior to joining KMRL, he was holding different positions in Finance and Accounts departments in various PSUs like Power Grid Corporation of India Limited, NTPC and MMTC for around 30 years.
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08:45 PM, Mar 27, 2013
The Kochi Metro rail project would be completed in three years if various issues like strikes and labour problem in Kerala are avoided, principal advisor to the Delhi Metro Rail Corporation E Sreedharan said on Tuesday. "The Metro rail project can be a reality within three years if various issues like strikes, shortage of sand and labour problem are avoided," Sreedharan, also the principal advisor of the Kochi project, said....
11:21 AM, Feb 26, 2013
Thiruvananthapuram: The incident of two Italian marines allegedly shooting dead two Indian fishermen off Kerala's coast in February and the subsequent legal and diplomatic issues made headlines throughout 2012, which also saw many developments on the state's political arena. Coming to power with a wafer-thin majority in 2011, the Congress-led UDF government of Oommen Chandy won two assembly by-elections held during the year but strutted and fretted on the state's...
11:11 AM, Dec 19, 2012
Kochi: A 10-member fact-finding mission from the Japan Investment Corporation Agency (JICA) will arrive here on Wednesday to discuss various issues relating to the Kochi Metro Rail project, including planning and technology updating. The team will have two-day meetings with officials of the Kochi Metro Rail Ltd from tomorrow regarding the planning, evaluation of DPR, technology updating, procurement and package, implementation and preparation for repayment of loan. The Japanese team...
02:27 PM, Nov 28, 2012
New Delhi: Prime Minister Manmohan Singh will lay the foundation stone of the Kochi Metro Rail project on Thursday, kickstarting the much-awaited project. The Rs 5181.79 crore project, covering a length of 25.612 kms, is being funded jointly by the Centre and Kerala government and is targeted to be completed in four years. To be executed by Special Purpose Vehicle mode, the Metro rail will be fully elevated and run...
03:45 PM, Sep 10, 2012
Kochi: Timely availability of land and funds and quick decision making are crucial for the success of the Kochi Metro Rail Project, said E Sreedharan, principal advisor to the Delhi Metro Rail Corporation (DMRC). He was addressing the staff of the Kochi Metro Rail Ltd (KMRL) on Wednesday. It was the first visit of the Metro man to the KMRL office here. Sreedharan said that the DMRC and the KMRL...
10:33 AM, Sep 06, 2012
Kochi: For each day that the Kochi Metro Rail project gets delayed, the cost of the project goes up by Rs 40 lakh, project head E Sreedharan said here on Tuesday. The Metro Man blamed the bureaucrats for the indefinite procedural delay. It is not the politicians but the bureaucrats who are responsible for the delay, he said. Sreedharan pointed out that the project has still not been officially handed...
01:03 PM, Sep 05, 2012
Thiruvananthapuram: Bagging unfettered rights on the proposed Kochi Metro Rail project,the Delhi Metro Rail Corporation has deftly incorporated a clause wherein the responsibility for safety shall be restricted to the day of handing over oftheproject with a current outlay ofRs 4,238 crore.The draft agreement submitted to the state government, which is available with Express, states that obtaining the safety certification of the Kochi Metro project work before it is opened...
08:37 AM, Aug 23, 2012
Kochi: The state government has invoked the urgency clause for the land acquisition of the Kochi Metro Rail project. The clause comes under the Section 17 of the Land Acquisition Act, 1984. It provides the Collector with significant autonomy to take possession of the land for a public purpose, fast tracking on a number of procedures. Under the clause, the collector has the autonomy to provide a compensation above the...
12:18 PM, Jul 25, 2012
Kochi: Only days after receiving the nod for the Metro Rail project, Kochi is now pushing for the status of a metro city. The plan is to have under its ambit towns such as Vaikom, Thodupuzha, Cherthala, Kodungalloor and Chalakkudy from other districts. Taking a cue from a proposal submitted by the Greater Cochin Development Authority, the state government is planning to take up with the Centre the elevation of...
12:54 PM, Jul 12, 2012
Thiruvananthapuram: Scotching all rumours, Power and Transport Minister Aryadan Mohammed told the Assembly in categorical terms on Thursday that the Delhi Metro Rail Corporation and Metro Man E Sreedharan, its consultant and former chairman, will be in charge of the Kochi Metro rail project. It was a state cabinet decision and the propaganda to the contrary is not at all true, replied Aryadan when Opposition Leader V S Achuthanandan raised...
12:29 PM, Jul 06, 2012
Kochi: Changing the face of Kochi city and also the lives of its citizens, the Kochi Metro train will make its dream run in about three or four years. The last hurdle for its implementation was removed when the Union Cabinet cleared the project on Tuesday. The Rs 5,126-crore project, which has been hanging in the balance for the past couple of years, will mark a leap for the state...
11:29 AM, Jul 04, 2012
Sixteen years after becoming the Managing Director of DMRC, E Sreedharan stepped down on December 31 leaving behind a 190 km network of Delhi Metro across the NCR. In an interview with CNBC-TV18's Shereen Bhan, the metro man said that it was not so much as the politicians as the bureaucrats of the country who were stalling its progress. Below is the full transcript of the interview: Shereen Bhan: Hello...
11:59 PM, Apr 16, 2012
NEW DELHI: Kochi Metro crossed one more hurdle on Monday with the Urban Development Ministry placing the Kochi Metro note before the Public Investment Board under the Finance Ministry for clearance. The crucial meeting of the PIB is likely to be held soon. Once it gets the PIB clearance, the project will be put up for Cabinet approval. The Kochi Metro project is progressing well. Everything is on track, said...
08:58 AM, Feb 14, 2012
New Delhi: Kochi Metro is going to be a reality soon. The crucial meeting of the Public Investment Board (PIB), which is expected to give the final nod to the state's 'dream project', will be held this month itself. After the PIB approval, the project will be put up for Cabinet nod. There were rumours that the PIB meeting will be delayed in the run-up to the Budget. "The PIB...
03:51 PM, Feb 04, 2012
Thiruvananthapuram: Former Delhi Metro chief E Sreedharan on Thursday confirmed that he will be part of the proposed Rs 5,000 crore Kochi Metro, and said he would be able to finish the project in three years. Sreedharan said Chief Minister Oommen Chandy wants him to finish the project in three years. "When I said I can do it in three-and-half years, he wanted it to be done in three years,...
03:56 PM, Jan 12, 2012
