Decision on Smart City project likely tomorrow

Thiruvananthapuram, Feb 26 (UNI) A final decision on the proposed Rs 1,500 crore Smart City project at Kochi was likely to be taken by tomorrow evening after a two-day discussion between the Kerala Government and the Dubai Technology and Media Free Zone Authority(TECOM) ended on a positive note today.

Chief Minister V S Achuthanandan said all the major contentious issues were settled through the negotiations. The TECOM would inform the Government about their decision after discussing the matter in their board meeting tomorrow, he added.

TECOM International Executive Director Farid Abdul Rahaman and its senior manager Baju George held talks with the officials here.

The Smart City project was envisaged as Joint Sector IT Cluster between TECOM and the State Government in Kakkanad at Kochi. The main issues that were discussed included the land lease cost, Chairmanship of the Board of Directors of the joint venture company, duration of the lease and the status of the land after the expiry of the lease.

UNI