KOCHI:. The execution of the Kochi metro-rail project as a Centre-State joint venture project is very much under the Centres consideration, the MD of Delhi Metro Rail Corporation E. Sreedharan has said.
The Union Urban Transport Ministry is processing the matter so that it can forwarded to the Cabinet Committee for Economic Affairs (CCEA), he said.
He criticised the statement by the Planning Commission Deputy Chairman M. S. Ahluwalia early this week that the Centre would be unable to pool in funds for the project.
�The Commission had given in writing its nod for the project six months ago. Mr. Ahluwalias statement is his personal opinion, he said.
Speaking to The Hindu, Mr. Sreedharan said that all that the Centre needs to give is Rs. 600 crore over a four-year period.
This works out to just Rs 150 crore each year, when the total Union budgetary allocation for different projects is over Rs 2 lakh crore.