Kerala Cabinet clears DPR for Light Metro Rail Projects
Updated: Jul 31, 2015 04:14:28pm
Thiruvananthapuram, July 31 (KNN) The Kerala cabinet has approved the Detailed Project Report (DPR) of Light Metro transport schemes proposed for the state capital and Kozhikode. The estimated cost of the project is Rs 6,728 crore.
With the cabinet clearing the DPR, follow up action of the project would be initiated after getting necessary sanction from the Centre, an official press release said.
Once the state gets the Centre’s clearance, the project would be implemented as a joint initiative of both the governments.
As per the current agreement, it is likely that the state and Central governments will independently fund 20 per cent of the total expenses, while the remaining 60 per cent will be availed as loan. The land acquisition cost will be borne by the state government. (KNN Bureau)
With the cabinet clearing the DPR, follow up action of the project would be initiated after getting necessary sanction from the Centre, an official press release said.
Once the state gets the Centre’s clearance, the project would be implemented as a joint initiative of both the governments.
As per the current agreement, it is likely that the state and Central governments will independently fund 20 per cent of the total expenses, while the remaining 60 per cent will be availed as loan. The land acquisition cost will be borne by the state government. (KNN Bureau)
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