Published On:January 29 2015
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Kerala opposes PPP mode for Light Metro.
Kerala has opposed the Public Private Partnership (PPP) mode mooted by the Centre, with Viability Gap Funding (VGF), for the Rs. 6,728-crore Light Metro project for Thiruvananthapuram and Kozhikode.
'All previous attempts to execute Metros through the PPP route had run into problems,' Chief Minister Oommen Chandy has told Union Minister for Urban Development M. Venkaiah Naidu.
Metro Line I and II of Mumbai and airport lines of Delhi and Hyderabad are 'classic examples of delays, cost overruns and concessionaire abandoning the project,' he has said.
As Metros are capital intensive and social projects, fares have to be kept low.
THE HINDU