Thiruvananthapuram: The Cabinet is to take a call on the Rs.6,728-crore Light Metro proposed by the Delhi Metro Rail Corporation (DMRC) for Thiruvananthapuram and Kozhikode on Wednesday.
The Detailed Project Report (DPR) for the Light Metro, in 35.12 km in the two cities, submitted by the DMRC on October 8, will come up before the Cabinet for the mandatory clearance, official sources told The Hindu.
State Planning Board Member and Principal Adviser, DMRC, E.
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Sreedharan, who mooted the MRTS instead of the scrapped monorail, arrived in the capital on Tuesday night for consultations.
Mr. Sreedharan reached the capital after Chief Minister Oommen Chandy said that he wanted to meet him ahead of the Cabinet meeting. As the Assembly is in session, the meeting will take place either at the Cliff House on Wednesday morning or at the legislature complex. The Cabinet will meet in the evening. Although the Light Metro figured in the agenda for the Cabinet meeting on July 15, it was deferred in the last minute.
Top officials of the PWD and Kerala Rapid Transit Corporation Ltd., the SPV set up under the PWD to execute the project, had a meeting with Minister for Public Works V.K. Ebrahim Kunju on Tuesday night and discussed the project.
The PWD has overruled the objections of the State Planning Board and the Finance Department and has recommended that the DMRC should be entrusted with the Light Metro on turn-key basis. The PWD has listed various funding options mooted by the DMRC in the DPR for the project along with Mr. Sreedharan’s proposal to secure STEP loan from the Japan International Cooperation Agency .
The State Planning Board and Finance Department had mooted PPP mode instead of turn-key basis suggested by DMRC as in Kochi Metro. The Finance Department has asked the PWD to float global tenders.