954751_10201228266692528_103607761_nThe Managing Director of Delhi Metro Rail Corporation (DMRC), Shri Mangu Singh and the CMD of Kochi Metro Rail Ltd (KMRL) Shri Elias George signed a Memorandum of Understanding (MoU) in New Delhi on 23rd May 2013 (Thursday) regarding the execution of the first phase of the Kochi Metro Rail Project from Aluva to Pettah. Dr. Sudhir Krishna, Secretary, Ministry of Urban Development, was also present on the occasion. Dr. Sudhir Krishna is the Chairman of both KMRL & DMRC. This 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 the leading metro organization in the country. This Agreement is also in line with the conditions of sanction of the project by the Government of India.

The objective of the Project is to build a world class, state-of-the-art urban transport system for the city of Kochi that will not only facilitate rapid and easy passenger movement, but also will act as a catalyst for the urban renewal of the city of Kochi and its balanced development.

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 Govt. of India’s Project Sanction Order, KMRL shall exercise appropriate financial and technical oversight over Project execution. 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 finalized by DMRC in consultation with KMRL. Tender acceptance will be done by a Tender Committee comprising DMRC’s and KMRL’s nominees.

KMRL will recruit and depute up to 30% of the required project execution staff to the DMRC Project execution team and this staff would work under the administrative and technical control of DMRC during the execution of the Project.

KMRL will pay DMRC a remuneration of 6% of the estimated project cost and all the expenses incurred by DMRC relating to Project execution will be subsumed in this figure. The cost of the work will be deposited by KMRL with DMRC in installments.

A system would also be evolved for DMRC and KMRL to undertake real-time monitoring of the progress of the work.

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