Heading for a dead-end

The Centre\'s refusal to fund the Kochi Metro rail project has sealed its fate.

Published: 06th July 2010 12:48 AM  |   Last Updated: 16th May 2012 08:33 PM   |  A+A-


Illustration: Vineeth S Pillai

KOCHI: Ending speculation over the Union Government’s role in Kochi Metro rail project, Union Planning Commission deputy chairman Montek Singh Ahluwalia made it clear that the Union Government will not fund the proposed Kochi Metro.

Ahluwalia said the project could be completed with the participation of private organisations.

He pointed out that the Kochi Metro rail was not similar to the Delhi Metro rail. “The Kochi Metro rail cannot be implemented on the lines of the Delhi Metro as the land for the Delhi Metro is owned by the government. In Kochi land has to be acquired from private parties. The Union Government can only provide grant for the project,” he said.

The Kerala Government had proposed a joint venture between the Centre and state which has now been rejected by the Planning Commission.

Even the study conducted by Rail India Technical and Economic Services (RITES) says that the Kochi Metro rail is not feasible and is not similar to the projects in Bangalore or Chennai.

Sources from Kochi Metro rail said that the office functioning in Kochi may be closed by July-end or August as the fund allotted for it has been used and there is no scope for additional fund. The Kerala Government had allotted Rs 50 lakh and the Delhi Metro Rail Corporation had allotted Rs 25 lakh, all of which have been utilised.

There is no way to get funds for providing salary for the employees now and nobody is ready to work for the Kochi Metro rail.

It is also pointed out that if the Union Government provides Rs 600 crore for the project the liability will increase as the fund has to be given for the Ahmedabad, Pune, Mumbai and Chennai projects. Even if some agencies come forward to run the project, it is not known who will run the show and how the loan amount could be paid back if the Kochi Metro rail office is closed.


Stay up to date on all the latest Kochi news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp