The managing director of Delhi Metro Rail Corporation (DMRC), Mangu Singh and the CMD of Kochi Metro Rail Ltd Elias George signed a Memorandum of Understanding (MoU) in New Delhi on Thursday regarding the execution of the first phase of the Kochi Metro Rail Project from Aluva to Pettah.
Sudhir Krishna, secretary, ministry of urban development, was also present on the occasion.
Sudhir Krishna, secretary, ministry of urban development, was also present on the occasion.
Krishna is the chairman of both KMRL and DMRC. This agreement attempts to balance the roles and responsibilities of KMRL as the project owner and the client, as well as of DMRC, the executing agency, and the leading metro organisation in the country. This agreement is also in line with the conditions of sanction of the project by the Government of India.
The objective of the project is to build a world-class, state-of-the-art urban transport system for the city of Kochi that will not only facilitate rapid and easy passenger movement, but also will act as a catalyst for the urban renewal of the city of Kochi and its balanced development. DMRC shall be responsible to execute the works of Kochi Metro Rail Project as the executing agency.