Kochi: A tripartite agreement among Kerala, the Centre and Kochi Metro Rail Limited will be signed soon for developing the long-awaited metro rail for Kerala's commercial hub Kochi.
Disclosing this, Chief Minister Oommen Chandy today said the three parties would hold equal stake in the project.
The proposal was approved by the state cabinet, he told reporters.
Mr Chandy said for the Kochi project the Centre had agreed to relax the existing norm that a city should have a population of at least 30 lakh for developing a metro rail with the Centre's participation.
This was for the first time that such a concession was being given to any state in the country, he added.
Disclosing this, Chief Minister Oommen Chandy today said the three parties would hold equal stake in the project.
The proposal was approved by the state cabinet, he told reporters.
This was for the first time that such a concession was being given to any state in the country, he added.
Advertisement
COMMENTS
Advertisement
Students In Kerala Schools May Soon Have Bagless Days Every Month Kerala Court Gives Madhya Pradesh Man 33-Year Jail Term For Raping Girl Centre Criticises Kerala For Appointing Official For "External Cooperation" 3 Students Dead After Flooding In Delhi Coaching Centre Basement At Olympics Opening Ceremony, Drag Parody Of 'The Last Supper' Draws Flak Children Of Indian-Americans Face Deportation As Time Runs Out Kamala Harris Says "Underdog" Campaign Will Overcome Trump's "Wild Lies" President Appoints 6 New Governors, Reshuffles 3 Others Bomb Threat Inside Delhi Bus, Police Recover Suspicious Object Track Latest News Live on NDTV.com and get news updates from India and around the world.