An agreement listing the exact roles of each agency for construction of the Kochi Metro Rail was signed between the Delhi Metro Rail Corporation and the Kochi Metro Rail Limited here on Thursday.

“This agreement attempts to balance the roles and responsibilities of KMRL as the project owner and the client, as well as of DMRC, the executing agency, and the leading metro organisation in the country. This agreement is also in line with the conditions of sanction of the project by the Central Government,” said a senior official of the Union Urban Development Ministry.

The objective of the project is to build a world-class, state-of-the-art urban transport system for the city of Kochi that will not only facilitate rapid and easy passenger movement, but also act as a catalyst for the urban renewal of the city and its balanced development, the official said.

While DMRC will be responsible for executing the works of Kochi Metro Rail Project as the executing agency, KMRL will exercise appropriate financial and technical oversight over the project’s execution. Independent safety and quality auditors will be appointed by KMRL for ensuring quality and safety in project execution.

The DMRC has been mandated to invite tenders on behalf of KMRL and finalise tender documents for works costing more than Rs.10 crore in consultation with KMRL. “Tender acceptance will be done by a Tender Committee comprising DMRC’s and KMRL’s nominees. The KMRL will recruit and depute up to 30 per cent of the required project execution staff to DMRC project execution team and this staff would work under the administrative and technical control of DMRC during the execution of the project,” the official said, indicating the roles that the two organisations will play.

The KMRL will pay DMRC a remuneration of six per cent of the estimated project cost and all the expenses incurred by DMRC relating to project execution will be subsumed in this figure. The cost of the work will be deposited by KMRL with DMRC in instalments.

The agreement for execution of the first phase of the Kochi Metro Rail Project from Aluva to Pettah was signed by DMRC Managing Director Mangu Singh and Kochi Metro Rail CMD Elias George.