STOCK MARKET BSE NSE

Kochi Metro Rail: Land sought from Railways on fair price

Union Minister K V Thomas on Tuesday requested the Railways to provide land for Kochi metro rail on fair price or on lease. He also submitted a memorandum in this regard to Railways Minister Mallikarjun Kharge.

Published: 30th October 2013 08:34 AM  |   Last Updated: 30th October 2013 08:34 AM   |  A+A-

Union Ministe K V Thomas on Tuesday requested the Railways to provide land for Kochi metro rail on fair price or on lease. He also submitted a memorandum in this regard to Railways Minister Mallikarjun Kharge.

Thomas requested the minister to allot land for metro on the same criteria that was applied by the railways in allotting land for the rail coach factory in Bihar.

He said the Railway Minister has agreed to hold discussions with representatives of the state government, KMRL and Railways in this regard. The meeting will be held in two weeks’ timeA total of 11,500 sqm land owned by the Railways at Ernakulam South railway station and Muttam Kalamassery railway station area is needed for the project.

As per a Railway circular, the KMRL should give 99 per cent of the market value of the land and lease amount for 35 years. “This will be a huge financial burden on KMRL. Hence, we have requested the Railways to provide the land on a fair value,” he added.



Comments

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.

edexworks
flipboard facebook twitter whatsapp