Kochi metro project
Kochi-based start-up Village is India’s first incubator that is funded jointly by the public and private sectors. This start-up village is adding about 1.25 lakh square feet space as part of the plan to house and support more start-ups. The additional spaceis expected to be ready by June next year. The chief executive officer of this [...] Continue Reading »
Union urban development minister Venkaiah Naidu said that Centre would favourably consider plans to extend Kochi Metro to Tripunithura and Kakkanad. The minister assured Kochi Metro Rail Ltd (KMRL) that the government would consider their request to allocate Rs 400 crore additionally in the current fiscal. This year, Kochi Metro is looking for a budgetary [...] Continue Reading »
In order to catch up with the scheduled time of the delayed Metro rail project, the revenue authorities have made a decision to expedite the land acquisition process along the stretch of Aluva Vyttila. The officials of Kochi Metro Rail Ltd stated that they are expecting to complete the process of work by the end [...] Continue Reading »
The delay caused by various government agencies and departments in implementing projects has led to a public outcry to entrust various development projects to Delhi Metro Rail Corporation (DMRC). Kochi Metro Rail Limited (KMRL), in a similar move, has drafted a set of rules for the new Land Acquisition Act introduced by the Union government [...] Continue Reading »
A roundtable conference was organized on Tuesday by the Kochi Metro Rail Limited. This meeting focused on the initiatives of property development initiatives. Not just that, views of almost 40 companies was taken into consideration. All these companies belonged to the realty, hospitality and sector of infrastructure. The Kochi Metro Rail Limited has also spotted [...] Continue Reading »
Six IT companies which are UST Global, Trans Asia, Claysys Technologies, Syscon Group, Brigade Enterprises and Media Systems will set up campuses in Kochi’s 160-acre Infopark Phase II project. Ferston Infratel Pvt Ltd and Abad Builders are also jointly developing this IT infrastructure facility and the expenses are expected to be Rs. 2500-crore. Industries and IT [...] Continue Reading »
DB International (an engineering and consultancy firm) has declared recently that a safety and quality consultant will be appointed for the Kochi Metro. According to one of the statements, a contact has been won and it is the work of the company to act as a consultant for the Kochi Metro. This one is not [...] Continue Reading »
In an evident attempt to speed up the Kochi Metro work, the state government has efforts underway to ensure that the land required for the project is acquired in the next one month or so. With the owners of the project having directly issued guidelines – without the administrative sanction of the government -for the [...] Continue Reading »
The Kochi Corporation has directed Kochi Metro Rail Ltd (KMRL) to execute civic jobs or to adequately compensate the civic body for the land which is being acquired for the Metro project. Expressing its grouse about the allegedly inadequate compensation for the civic body’s land, the corporation said that it is willing to give land [...] Continue Reading »
The government order issued last week lacks clarity on the procedures to be adopted while purchasing land. Also there is confusion whether the registration fee and stamp duty will be waived off. Due to this, the revenue officials are unable to start procedures to acquire the remaining land required for the Metro project. Amid criticism [...] Continue Reading »
