Kerala Metro Rail Corporation Limited, abbreviated to KMRCL, is a
special purpose vehicle
A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited ...
(SPV) formed to implement light metro projects in
Kerala
Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...
. Kerala has light metro systems planned for the cities of
Kozhikode
Kozhikode (), also known in English as Calicut, is a city along the Malabar Coast in the state of Kerala in India. It has a corporation limit population of 609,224 and a metropolitan population of more than 2 million, making it the second la ...
and
Thiruvananthapuram
Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration populati ...
. The SPV is fully owned by the State Government and the Chief Minister is the Chairman of the company. The head office of KMRCL is at Thiruvananthapuram, with branches at Kozhikode and Thiruvananthapuram. Earlier it was Kerala Monorail Corporation Ltd. Since monorail was not financially viable, DMRC proposed light metro.
The chief minister,
Pinarayi Vijayan
Pinarayi Vijayan (; born 24 May 1945) is an Indian Communist politician who is the current Chief Minister of Kerala, serving since 25 May 2016. A member of the Politburo of the Communist Party of India (Marxist), he is the longest-serving sec ...
, is the chairman of the board and Public Works Minister
P. A. Mohammed Riyas is vice chairman. The other board members are Ministers KN Balagopal, Antony Raju, P Rajeev, K Rajan as well as officials of Public Works and Transport departments.
History
Administrative sanction was given in October 2012 to begin monorail projects in Kozhikode and Thiruvananthapuram. KMCL was given control of the
Thiruvananthapuram Monorail
Thiruvananthapuram Metro is a proposed rapid transit system in the city of Thiruvananthapuram, the capital of the Indian state of Kerala.
History
Thiruvananthapuram's first attempt to build a rapid transit system for the city failed, when its ...
project on 26 November 2012. The government had handed over the
Kozhikode Monorail
Kozhikode Metro is a proposed Light Rapid Transit ( LRT) system for the city of Kozhikode (Calicut), in India. In 2010, the State government explored the possibility of implementing a metro rail project for Kozhikode city and its suburbs. The ...
project to the KMCL prior to that. The state government received approval to float KMCL from the
registrar of companies
A company register is a register of organizations in the jurisdiction they operate under.
A statistical business register has a different purpose than a company register. While a commercial/trade register serves a purpose of protection, accounta ...
and was incorporated on 5 December 2012. KMCL's first board meeting was held in
Thiruvananthapuram
Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration populati ...
on 18 December 2012. At the meeting, it was decided to open KMCL offices in the two cities.
On 12 June 2013, the State Cabinet gave clearance for an agreement to be signed between KMCL and DMRC, that would make the latter the general consultant for the monorail projects in Kozhikode and Thiruvananthapuram. The DMRC will receive a consultancy fee of 3.25% of the 5,581 crore ( 3,590 crore for Thiruvananthapuram and 1,991 crore for Kozhikode). The agreement was signed on 19 June 2013.
See also
*
Kozhikode Light Metro
Kozhikode Metro is a proposed Medium-capacity rail system, Light Rapid Transit (Medium-capacity rail system, LRT) system for the city of Kozhikode (Calicut), in India. In 2010, the State government explored the possibility of implementing a me ...
*
Thiruvananthapuram Light Metro
Thiruvananthapuram Light Metro is a proposed Light Rapid Transit ( LRT) system in the city of Thiruvananthapuram, the capital of the Indian state of Kerala.
History
Thiruvananthapuram's first attempt to build a rapid transit system for the ci ...
*
Urban rail transit in India
Urban rail transit in India plays an important role in intracity transportation in the major cities which are highly populated. It consists of rapid transit, suburban rail, monorail and tram systems. According to a report published in 2021, a ...
References
{{Railways in Southern India
Rail transport in Kerala
Monorails in India
Rapid transit companies of India