The Kerala government has cleared the Delhi Metro Rail Corporation (DMRC) as the implementing agency and given administrative sanction for the proposed Light Metro project in Kozhikode and the state capital, Chief Minister Oommen Chandy said on Wednesday.
Speaking to reporters, Chandy said all issues over the project has been cleared and the state government will now write a fresh letter to the central government seeking the in-principle clearance for the project.
"The previous letter to the central government did not have clarity but now with the administrative sanction also given by the cabinet, all issues have been cleared, including handing over the project to be overseen by the DMRC," said Chandy.
The project is expected to ease the traffic in the busy capital city and Kozhikode.
'Metro Man' E. Sreedharan, advisor to DMRC, would be overseeing the project and 40 percent of the cost is expected to be shared equally by the state and the central government and the rest through loans from the Japan International Cooperation Agency (JICA) with very low rates of interests.
Initially, Sreedharan had suggested for Mono Rail projects in these two cities and after starting the preliminary paper work for it, it was cancelled after doubts were raised about the financial viability.
He later suggested the Light Metro mode and it ran into problems after a section of the bureaucracy appeared not very keen and it was only after numerous rounds of talks and a huge pressure from various political parties backing Sreedharan, the project got its final nod.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
