Government Seeks Representatives To Prepare Feasibility Report On Monorail Project

Government Seeks Representatives To Prepare Feasibility Report On Monorail Project

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Date of Post : 26 July, 2017

Puducherry: The territorial administration had begun identifying ways to materialise one of its key components – mass transportation.

Representatives from a Delhi-based firm having a tie-up with a China-based auto major, on Tuesday held discussions with Chief Minister V. Narayanasamy, Minister for Local Administration Department A. Namassivayam & senior officials on introducing monorail in the town.

More Information:

  • During their presentation, the representatives listed the advantages the monorail had over other mode of transports including the tram & the metro rail.
  • After the presentation, the government had asked the representatives to prepare a feasibility report, Namassivayam said.
  • The Minister, on the setting up of a Special Purpose Vehicle, said the government had initiated the process and it would be constituted at the earliest.
  • The Chief Secretary & other secretaries would form part of the SPV, the Minister said.
  • The respective governments had to constitute a SPV for implementing the project from planning to execution, as per the guidelines issued by the Union Ministry of Urban Affairs.
  • The entity, which had to be registered under the Companies Act, would plan, apprise, approve, release funds & evaluate the Smart City projects.
  • Namassivayam added,“We have expedited the process to constitute SPV so that works could commence at the earliest.”

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