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Metro: Accord for Aid to be Signed Today

The Kochi Metro Rail Limited (KMRL) and French agency Agence Française de Développement (AFD) on Saturday will sign a project agreement in connection with the `1,500-crore external borrowing for the Kochi metro rail project.

Published: 08th February 2014 10:34 AM  |   Last Updated: 08th February 2014 10:34 AM   |  A+A-

The Kochi Metro Rail Limited (KMRL) and French agency Agence Française de Développement (AFD) on Saturday will sign a project agreement in connection with the `1,500-crore external borrowing for the Kochi metro rail project.

The agreement will be signed by KMRL managing director Elias George and AFD Chief Executive Officer Anne Paugam. Anne will be accompanied by other AFD officials, including Aude Flogny, South Asia regional director; Jean-Yves Grosclaude, executive director, strategy department; Laurent Amar, deputy director of Asia department; Cheikh Dia, project officer (AFD, New Delhi) and Gautier Kohler, project coordinator (New Delhi). Railways Minister Aryadan Mohammed and French Consul General in Puducherry Philippe Janvier Kamiyama will also be present.

Re-tendering

At a high-level meeting that was convened in Thiruvananthapuram on Thursday, Chief Minister Oommen Chandy approved the KMRL Board’s recommendation to go for re-tendering for the purchase of rolling stock.

According to sources with KMRL, many leading international players were not able to participate in the bidding process due to the stringent  parameters set by the Delhi Metro Rail Corporation (DMRC).  “There were reports that some companies were disqualified in the bidding. But actually they were not even able to participate in the bidding process. The bid parameters set by the DMRC, particularly fixing the coach width at 2.9 metres, will favour only one company. This might lead to unnecessary allegations and that is why the Board opted for re-tendering,” the sources added.

The KMRL wanted higher participation and competitive bidding for the procurement of rolling stock.It is learnt that the Chief Minister had told the DMRC officials that the time delay, if any, that happens due to re-tendering is manageable.

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