नागपुर Nagpur (NGP): Even as the central government takes its own time to form the special purpose vehicle (SPV) for executing the Nagpur metro railway project, the state government is completing all formalities at its end.
Chief minister Devendra Fadnavis has appointed a special executive officer (SEO) in Nagpur Improvement Trust (NIT) to handle the formation of SPV – Nagpur Metro Rail Corporation Limited (NMRCL). NIT is still the nodal agency for the project. It had cleared the proposal to appoint the SEO in its board meeting on December 30.
The prospective managing director (MD) of NMRCL, Brajesh Dixit, is the SEO. Dixit is a former divisional railway manager (DRM) of Nagpur. The post of SEO is temporary and will exist at the most for six months. As there is no post of MD in NIT, Fadnavis appointed him as SEO, a post already existing in NIT.
Dixit’s main job will be to complete all formalities for formation of SPV at NIT’s end, and then get it registered. Once NMRCL becomes functional, the post of SEO will become redundant and Dixit will assume charge as MD of NMRCL.
State government has filled all five posts in the SPV. The principal secretary of union urban development ministry is the chairman of all metro rail projects. The remaining four posts are to be filled up by the central government.
The metro rail project is running behind schedule by months. This may escalate the cost so much that it may lead to a funds crunch for NIT and Nagpur Municipal Corporation (NMC).
The union cabinet had cleared the project at 2012 prices – Rs 8,421 crores. Delhi Metro Rail Corporation (DMRC) has increased the cost of the project to Rs 10,360 crore at 2014 prices. The project has to be completed by 2018 to avoid further cost escalation, a task that is becoming increasingly difficult with every passing day.