The final MoU between the government and the
Dubai Internet City, for the Rs.1,500 crore Smartcity project at Kochi is
expected to be signed on 31 January 2006 and civil works is likely to commence
by 15 February 2006. Earlier, it had been announced that the MoU will be signed
in December 2005.
DIC-Smartcity project is to enjoy nine per cent
Kerala government equity by getting one-third of its land requirement free and
in return, Smartcity is to ensure 33,300 jobs. DIC has also informed the Kerala
government that it has completed the legal vetting of the draft agreement.
Also see:
MoU
signed for Smart City project (12-Sep-05)