Kochi: A total of 4.05 hectares of land owned by FACT has been officially taken over by Kochi Metro Rail Limited (KMRL) on Wednesday for setting up a temporary construction yard for the Kochi Metro Rail Project.
The land taken over was handed over to Delhi Metro Rail Corporation (DMRC) for the construction of the casting yard.
A Memorandum of Understanding (MoU) was also signed between KMRL and FACT based on the mutual discussions held by both parties. As per the MoU signed, the land will cost a lease amount of Rs.35 lakh per hectare annually.
This land will be used mainly by Soma Constructions, one of the contractors who undertook the construction of Kochi Metro Rail, for batching plant, stalking yard and pre-casting of girders.
The KMRL had already taken 5.03 hectares of HMT land at Kalamassery on a lease amount of Rs.31.5 lakh per hectare annually for another temporary casting yard.
The authorities are also holding talks with the authorities concerned to acquire 2.5 hectares of land on lease at Tripunithura and five hectares near High Court for casting yards.
It is also learnt that SAIL has already given its in-principal nod for providing land for a casting yard while a final decision on the land near High Court will be taken soon.
Work Hits Business
With Kochi Metro rail work going on in full swing, business, especially near North Over Bridge, Marine Drive, Chittoor Road, Banerjee Road, M G Road, TD Road, Market Road, Broadway, Shanmukham and Sahodaran Ayyappan Road, has been severely affected, the Ernakulam Merchants’ Association has said. “The situation is so bad that we could not garner enough revenue even during Onam season. To add fuel to the fire, tax officials are creating hurdles. If the trend continues, merchants and businessmen willd be forced to leave the city,” they said.