PM Modi dedicates Kochi Metro to the nation

Agencies
June 17, 2017

Thiruvananthapuram, Jun 17: Kerala shifted tracks to a new phase in urban transport infrastructure on Saturday, with Prime Minister Narendra Modi dedicating the first phase of Kochi Metro to the nation.

viewimage

Before the formal opening of the 13.26-km first phase, between Palarivattom and Aluva, the Prime Minister took a ride on one of the trains. Addressing a gathering at the inaugural event’s venue in Kaloor, Modi highlighted features of Kerala’s first metro rail network which made it unique.

Kochi Metro is the first metro project commissioned with Communication-Based Train Controlling Signalling System. The Kochi Metro Rail Limited (KMRL) has provided jobs for about 1,000 women and 23 trans-genders. “The project is also an example of environment-friendly development. It plans to meet nearly 25% of the entire energy requirements from renewable sources, particularly solar energy. The long-term plan is to become a zero-carbon emitting urban transit system,” the Prime Minister said.

Modi said 50 cities in the country were ready to implement metro rail projects and foreign investment had been invited to the urban public transport sector. He said the National Transit Oriented Development Policy, issued in April, aimed to create “compact walkable communities” and bring public transport closer to transit.

Chief Minister Pinarayi Vijayan acknowledged contributions of migrant labourers in the construction of the Metro and requested KMRL to facilitate a Metro ride for them. Lauding the project coordinators for finishing work on the Metro on schedule, the Chief Minister said Kochi Metro sent out a message to potential investors that development projects could be completed in a time-bound manner in Kerala.

He sought assistance from the Centre to further the state-Centre association to pursue the development agenda while acknowledging the Centre’s “positive” approach to development. In a veiled reference to earlier uncertainties over the Prime Minister’s presence at the event, Vijayan said people who created the controversy were left “disappointed”. Kochi Metro will begin commercial operations on Monday.

Insets

On track

** Construction completed in four years
** Total project cost of Rs 5,181.79 crore
** Rs 2032.91 crore released by GoI
** Total 25.612 km, fully elevated, from Aluva to Petta
** 22 stations; 11 in phase 1
** 13.26 km in phase 1, in 20 minutes
** A train every 10 minutes, fares start at Rs 10
** First-in-India open-loop smart card for buses, taxi-cabs, autos
** 25% of energy requirements from renewable sources
** Covered vertical garden on every sixth pillar
** Water Metro as feeder service planned with 38 jetties

Cheers to Metro man

At the inaugural event attended by senior politicians and bureaucrats, the loudest cheers from the 3,000-odd crowd were reserved for ‘Metro Man’ and Chief Adviser for Kochi Metro, E Sreedharan. The applause, every time his name was mentioned on the dais, was significant after an earlier controversy over his exclusion from the dais. The veteran engineer, however, was characteristically self-effacing in his response. “(the cheers were) Probably because I’m a local,” he told reporters.

Fracas over a "free ride"

The presence of BJP state president Kummanam Rajasekharan during the Prime Minister’s inaugural Metro journey has come in for some criticism. Rajasekharan was not in the original list of passengers scheduled to travel with Modi, from Palarivattom to Pathadippalam.

The PM was accompanied by Governor P Sathasivam, Union Urban Development Minister Venkaiah Naidu, Pinarayi Vijayan, Chief Secretary Nalini Netto, Urban Development Secretary Rajiv Gauba, E Sreedharan and KMRL Managing Director Elias George. Rajasekharan’s presence was criticised on social media, also because elected representatives were not invited for the ride.

Comments

Shankar
 - 
Sunday, 18 Jun 2017

BJP is trying really hard to make a mark in Kerala. They are using all the PR tricks known to them.

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 6,2020

Puttur, Apr 6: A person reportedly has been booked for allegedly posting derogatory remarks against minority community on social media platforms.

The accused is reported to be a resident of Belandur village of Puttur Taluk.
The case has been registered at Bellare Police Station.

According to the reports, Kusumadhara had posted derogatory remarks about the faith and minority community. A complaint in this regard was filed by Savanur SDPI member Mohammed Saheer at Bellare Police Station, adding that his remarks in the post would create divide and communal disturbance in the society.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 22,2020

Chikkamagaluru, Jul 22: Nine staff of the Anti Naxal Force (ANF) in Koppa in the district were tested positive for Covid-19 on Wednesday.

Health officials said that these people don’t have any contacts outside as they were in the forest buffer zone. Now efforts were being made to find out how they contacted the Coronavirus.

Meanwhile, the Kalsa police station has been sealed down after four of its personnel tested positive.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.