Projects in Thiruvananthapuram, Kozhikode

The revised Detailed Project Report (DPR) for the Rs.5,581-crore monorail projects, an elevated Mass Rapid Transit System (MRTS) in Thiruvananthapuram and Kozhikode, will be submitted soon to the Union Ministry of Urban Development for approval.

This was decided at the seventh board meeting of Kerala Monorail Corporation Limited (KMCL), SPV set up to execute the MRTS, chaired by KMCL chairman and Chief Minister Oommen Chandy at the legislature complex here on Wednesday.

The board was informed that five companies - Bombardier Transportation, Hitachi, Afcons, Scumi, and Larsen and Toubro - dealing with the MRTS had expressed interest after tender norms to select an exclusive developer-contractor were revised by the Delhi Metro Rail Corporation, the general consultant.

As per the revised norms, the rolling stock manufacturer need only be a technical partner. The supplier-credit norm had also been removed in the wake of a directive of the Urban Development Ministry.

The board had set up a committee comprising the Secretaries of Finance, Public Works, and Law, and managing directors of the KMCL and Kochi Metro Rail Limited to look into the amendments made in the DPR.

The board was told that global tenders had to be floated again treating the monorail projects as one as only a 36.4-km stretch would be covered in the first phase in both the cities.

A pre-bid meeting would be held in New Delhi on February 20 and April 15 had been fixed as the last date for submission of the global tenders. SBI Caps would carry out the financial appraisal of the project.

Minister for Public Works and vice-chairman of the KMCL V.K. Ebrahim Kunju said talks for making available funds for the ambitious project were on.

Nationalised banks - Central Bank, Federal Bank, SBI, SBT, Syndicate Bank- and HDFC had come forward to invest for the project, he added.

Industry Minister P.K. Kunhalikutty; Minister for Railways Aryadan Mohammed; Secretary, PWD, T.O. Sooraj; managing director of KMRL Elias George; and managing director of KMCL Harikesh P.C, attended the board meeting.