Delhi Metro Rail Corp (DMRC) and Kochi Metro Rail Ltd today signed an agreement for execution of the first phase of Rs 5,100-crore Kochi Metro project.
The first phase of the project aims at building transport system of about 25 km from Aluva to Pettah in the city.
Managing Directors of DMRC and KMRL--Mangu Singh and Elias George -- signed the agreement at New Delhi in the presence of Sudhir Krishna, Secretary (Urban Development) and chairmen of both DMRC and KMRL, a press release here said.
The agreement attempts to balance the roles and responsibilities of KMRL as the project owner and the client, as well as of DMRC, the executing agency, and is also in line with the conditions of sanction of the project by the Union government, according to the release.
DMRC shall be responsible to execute the works of Kochi Metro Rail project as the executing agency. In accordance with its responsibilities, as delineated in the project sanction order, KMRL shall exercise appropriate financial and technical oversight over project execution.
Any significant deviation from the technical specifications or norms prescribed by KMRL shall be effected by DMRC only with the prior concurrence of KMRL, it said.
Independent safety and quality auditors will be appointed by KMRL for ensuring quality and safety in project execution.
DMRC shall invite tenders on behalf of KMRL and tender documents for works costing more than Rs 10 crore will be finalised by DMRC in consultation with KMRL. Tender acceptance will be done by a tender committee comprising DMRC's and KMRL's nominees, the release said.
