DMRC submits revised DPR for monorail projects.

Delhi Metro Rail Corporation Limited (DMRC) has submitted the revised detailed project report (DPR) for the monorail projects at Thiruvananthapuram and Kozhikode to the Kerala Monorail Corporation Limited (KMCL).

According to top officials in the public works department the revised DPR promises 8% financial internal rate of returns (FIRR) as stipulated by planning commission.

The projects are roughly estimated to cost Rs. 5,581 crore (Rs. 3,590 core for Thiruvananthapuram and Rs. 1,991 crore for Kozhikode. The Centre and state governments are to contribute 20% each of the cost as equity participation, while the balance fund was to be raised as loan.

However, as per the latest planning commission norm the Centre can provide equity participation only in those projects which assure at least eight per cent FIRR, whereas the earlier DPR for the Thiruvananthapuram and Kozhikode monorail projects was promising only 3% FIRR.

TOI