The Kerala government is likely to sign an MoU
for the Rs.1,500 crore Kochi Smart City project with Dubai Internet City before
15 September 2005.
Chief Minister of Kerala, Mr. Oommen Chandy said
the Smartcity project will not miss its scheduled milestones. After the MoU is
signed talks will move for the detailed pact.
In response to controversies over transfer of
free land, the revised draft MoU has stipulated transfer of land on a 99-year
lease. A Check-clause ensures that the land would be back with the Kerala
government if DIC fails in creating the promised jobs.
Also See:
Kerala
Cabinet clears draft MoU for Smart City project (12-Aug-05)