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Kerala Government forms SPV for two monorail projects

Thursday, 04 Oct 2012
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The Kerala Government has approved a proposal for setting up Kerala Monorail Corporation, a fully owned company under the government, to implement the monorail projects in Kozhikode and Thiruvananthapuram.

With this approval, the state Cabinet has taken the monorail projects out of the control of the Transport Department and handed it over to the Public Works Department (PWD). Thus, Kerala Monorail Corporation, a SPV, will implement the two monorail projects under the overall control of the PWD. The SPV to be headed by the Chief Minister will take up the monorail project in the capital once the DPR is submitted by the DMRC.

Kerala Monorail Corporation’s first project will be the 14.5-km elevated rail-based mass rapid transit system (MRTS) from Kozhikode Medical College to Meenchantha in the city. The next in line will be the 41.8-km monorail project from Mangalapuram to Neyyattinkara in Thiruvananthapuram. The 22.2-km Phase I from Mangalapuram to Thampanoor is expected to cost Rs 2,775 crore while the Phase II of 19.6 km from Thampanoor to Neyyattinkara will cost Rs 2,324 crore.

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