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Kerala Rapid Transit Corporation Limited

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Kerala Rapid Transit Corporation Limited
Company typeState owned SPV
IndustryPublic transport
Founded5 December 2012; 11 years ago (2012-12-05)
Thiruvananthapuram, Kerala, India
Headquarters
Thiruvananthapuram, Kerala
,
India
Area served
Kerala
Key people
Dr Vinay Goyal IAS (Managing director)
ServicesThiruvananthapuram Metro,
Kozhikode Metro
OwnerGovernment of Kerala
Websitekrtl.in

Kerala Rapid Transit Corporation Limited, abbreviated to KRTCL, is a special purpose vehicle (SPV) formed to implement light metro projects in Kerala. Kerala has light metro systems planned for the cities of Kozhikode and Thiruvananthapuram. The SPV is fully owned by the State Government and the Chief Minister is the Chairman of the company.[1] The head office of KRTCL is at Thiruvananthapuram, with branches at Kozhikode and Thiruvananthapuram.[2] Earlier it was Kerala Monorail Corporation Ltd. Since monorail was not financially viable, DMRC proposed light metro.

The chief minister, Pinarayi Vijayan, is the chairman of the board and Public Works Minister P. A. Mohammed Riyas is vice chairman. The other board members are Ministers KN Balagopal, Antony Raju, P Rajeev, K Rajan as well as officials of Public Works and Transport departments.[3]

History

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Administrative sanction was given in October 2012 to begin monorail projects in Kozhikode and Thiruvananthapuram.[4] KMCL was given control of the Thiruvananthapuram Monorail project on 26 November 2012. The government had handed over the Kozhikode Monorail project to the KMCL prior to that.[5] The state government received approval to float KMCL from the registrar of companies and was incorporated on 5 December 2012.[6][7][8][9] KMCL's first board meeting was held in Thiruvananthapuram on 18 December 2012.[10] At the meeting, it was decided to open KMCL offices in the two cities.[11][12][13]

On 12 June 2013, the State Cabinet gave clearance for an agreement to be signed between KMCL and DMRC, that would make the latter the general consultant for the monorail projects in Kozhikode and Thiruvananthapuram.[14] The DMRC will receive a consultancy fee of 3.25% of the ₹ 5,581 crore (₹ 3,590 crore for Thiruvananthapuram and ₹ 1,991 crore for Kozhikode).[15] The agreement was signed on 19 June 2013.[16]

See also

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References

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  1. ^ "Kerala forms SPV for monorail projects". Business Line. 4 October 2012. Retrieved 18 July 2013.
  2. ^ "Archived copy" (PDF). Archived from the original (PDF) on 1 November 2013. Retrieved 31 October 2013.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ^ "Mono rail project: Kerala approves Articles of association". Business Line. PTI. 27 October 2012. Retrieved 18 July 2013.
  4. ^ "Cabinet approves detailed project report of Kozhikode monorail project". The Times of India. TNN. 4 October 2012. Archived from the original on 1 November 2013. Retrieved 18 July 2013.
  5. ^ S. Anil Radhakrishnan (27 November 2012). "Monorail project on track soon". The Hindu. Retrieved 18 July 2013.
  6. ^ "Registrar's nod for monorail cooperation". The Times of India. TNN. 7 December 2012. Archived from the original on 2 November 2013. Retrieved 18 July 2013.
  7. ^ "New company floated for Kerala mono rail project". Business Line. PTI. 6 December 2012. Retrieved 18 July 2013.
  8. ^ "Kerala lines up Rs 10710 cr for infra development". Business Standard. 7 December 2012. Retrieved 18 July 2013.
  9. ^ "Kerala floats new company for mono rail projects". Newstrackindia.com. 6 December 2012. Retrieved 18 July 2013.
  10. ^ S. Anil Radhakrishnan (14 December 2012). "JICA keen on funding monorail". The Hindu. Retrieved 18 July 2013.
  11. ^ "Panel to put monorail on track". The Times of India. 19 December 2012. Archived from the original on 1 November 2013. Retrieved 18 July 2013.
  12. ^ "KMCL to negotiate with DMRC". The Hindu. 19 December 2012. Retrieved 18 July 2013.
  13. ^ "English News | Kerala". Manorama Online. 23 May 2013. Archived from the original on 28 January 2013. Retrieved 18 July 2013.
  14. ^ "Nod for pact with DMRC for monorail". The Hindu. 13 June 2013. Retrieved 18 July 2013.
  15. ^ S. Anil Radhakrishnan (15 June 2013). "Agreement with DMRC to be signed on 19 June". The Hindu. Retrieved 18 July 2013.
  16. ^ "Kerala Monorail, Delhi Metro ink consultancy agreement". Business Line. 19 June 2013. Retrieved 18 July 2013.
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