Kerala Rapid Transit Corporation Ltd

2021-05-25T06:35:23Z

43.227.132.138:

{{Use dmy dates|date=November 2019}}
{{Use Indian English|date=January 2016}}
{{Infobox company
| name = Kerala Rapid Transit Corporation Ltd
| logo = Krtl-logo.png
| caption =
| type = [[State owned]] [[Special Purpose Vehicle|SPV]]
| traded_as =
| fate =
| successor =
| foundation = {{Start date and age|2012|12|05}}<br>Thiruvananthapuram, Kerala, India
| defunct = 
| location_city = Thiruvananthapuram, Kerala
| location_country = India
| locations =
| area_served = [[Kerala]]
| key_people = Dr Vinay Goyal IAS (Managing director)
| industry = [[Public transport]]
| services = [[Kozhikode Light Metro]],<br />[[Thiruvananthapuram Light Metro]]
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = [[Kochi Metro Rail Limited]]
| num_employees =
| parent =
| divisions =
| subsid =
| footnotes =
| homepage = {{URL|http://krtl.in/}}
}}
'''Kerala Rapid Transit Corporation Ltd''', abbreviated to '''KRTL''', is a [[Special purpose entity|special purpose vehicle]] (SPV) formed to implement light metro projects in [[Kerala]]. Kerala has light metro systems planned for the cities of [[Kozhikode]] and [[Thiruvananthapuram]]. The SPV is fully owned by the State Government and the Chief Minister is the Chairman of the company.<ref>{{cite news|url=http://www.thehindubusinessline.com/news/states/article3964280.ece |title=Kerala forms SPV for monorail projects |newspaper=[[Business Line]] |date=4 October 2012 |access-date=18 July 2013}}</ref> The head office of KRTL is at Thiruvananthapuram, with branches at Kozhikode and Thiruvananthapuram.<ref>{{Cite web |url=http://www.delhimetrorail.com/otherdocuments/614/EOI.pdf |title=Archived copy |access-date=31 October 2013 |archive-url=https://web.archive.org/web/20131101182525/http://www.delhimetrorail.com/otherdocuments/614/EOI.pdf |archive-date=1 November 2013 |url-status=dead }}</ref> Earlier it was Kerala Monorail Corporation Ltd. Since monorail was not financially viable, DMRC proposed light metro.

The chief minister, [[Pinarayi Vijayan]], 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.<ref>{{cite news|agency==PTI |url=http://www.thehindubusinessline.com/news/states/mono-rail-project-kerala-approves-articles-of-association/article4038463.ece |title=Mono rail project: Kerala approves Articles of association |newspaper=[[Business Line]] |date=27 October 2012 |access-date=18 July 2013}}</ref>

==History==
Administrative sanction was given in October 2012 to begin monorail projects in Kozhikode and Thiruvananthapuram.<ref>{{cite news|agency=TNN |url=http://articles.timesofindia.indiatimes.com/2012-10-04/kozhikode/34258992_1_meenchanda-city-project-monorail |archive-url=https://web.archive.org/web/20131101152959/http://articles.timesofindia.indiatimes.com/2012-10-04/kozhikode/34258992_1_meenchanda-city-project-monorail |url-status=dead |archive-date=1 November 2013 |title=Cabinet approves detailed project report of Kozhikode monorail project |newspaper=[[The Times of India]] |date=4 October 2012 |access-date=18 July 2013}}</ref> KMCL was given control of the [[Thiruvananthapuram Monorail]] project on 26 November 2012. The government had handed over the [[Kozhikode Monorail]] project to the KMCL prior to that.<ref>{{cite news|author=S. Anil Radhakrishnan |url=http://www.thehindu.com/news/cities/Thiruvananthapuram/monorail-project-on-track-soon/article4139685.ece |title=Monorail project on track soon |newspaper=[[The Hindu]] |date=27 November 2012 |access-date=18 July 2013}}</ref> The state government received approval to float KMCL from the [[registrar of companies]] and was incorporated on 5 December 2012.<ref>{{cite news|agency=TNN |url=http://articles.timesofindia.indiatimes.com/2012-12-07/kochi/35669902_1_monorail-project-pwd-minister-km-long-road |archive-url=https://web.archive.org/web/20131102201033/http://articles.timesofindia.indiatimes.com/2012-12-07/kochi/35669902_1_monorail-project-pwd-minister-km-long-road |url-status=dead |archive-date=2 November 2013 |title=Registrar's nod for monorail cooperation |newspaper=[[The Times of India]] |date=7 December 2012 |access-date=18 July 2013}}</ref><ref>{{cite news|agency==PTI |url=http://www.thehindubusinessline.com/industry-and-economy/logistics/new-company-floated-for-kerala-mono-rail-project/article4171283.ece |title=New company floated for Kerala mono rail project |newspaper=[[Business Line]] |date=6 December 2012 |access-date=18 July 2013}}</ref><ref>{{cite news|url=http://www.business-standard.com/india/news/kerala-linesrs-10710-cr-for-infra-development/494761/ |title=Kerala lines up Rs 10710 cr for infra development |newspaper=[[Business Standard]] |date=7 December 2012 |access-date=18 July 2013}}</ref><ref>{{cite web|url=http://www.newstrackindia.com/newsdetails/2012/12/06/376--Kerala-floats-new-company-for-mono-rail-projects-.html |title=Kerala floats new company for mono rail projects |publisher=Newstrackindia.com |date=6 December 2012 |access-date=18 July 2013}}</ref> KMCL's first board meeting was held in [[Thiruvananthapuram]] on 18 December 2012.<ref>{{cite news|author=S. Anil Radhakrishnan |url=http://www.thehindu.com/news/cities/Thiruvananthapuram/jica-keen-on-funding-monorail/article4199035.ece |title=JICA keen on funding monorail |newspaper=[[The Hindu]] |date=14 December 2012 |access-date=18 July 2013}}</ref> At the meeting, it was decided to open KMCL offices in the two cities.<ref>{{cite news|url=http://articles.timesofindia.indiatimes.com/2012-12-19/thiruvananthapuram/35911502_1_monorail-projects-pwd-minister-dmrc |archive-url=https://web.archive.org/web/20131101144222/http://articles.timesofindia.indiatimes.com/2012-12-19/thiruvananthapuram/35911502_1_monorail-projects-pwd-minister-dmrc |url-status=dead |archive-date=1 November 2013 |title=Panel to put monorail on track |newspaper=[[The Times of India]] |date=19 December 2012 |access-date=18 July 2013}}</ref><ref>{{cite news|url=http://www.thehindu.com/news/states/kerala/kmcl-to-negotiate-with-dmrc/article4214639.ece |title=KMCL to negotiate with DMRC |newspaper=[[The Hindu]] |date=19 December 2012 |access-date=18 July 2013}}</ref><ref>{{cite web|url=http://english.manoramaonline.com/cgi-bin/MMOnline.dll/portal/ep/contentView.do?contentId=13064216&tabId=1&programId=11565535 |archive-url=https://archive.today/20130128040647/http://english.manoramaonline.com/cgi-bin/MMOnline.dll/portal/ep/contentView.do?contentId=13064216&tabId=1&programId=11565535 |url-status=dead |archive-date=28 January 2013 |title=English News | Kerala |publisher=Manorama Online |date=23 May 2013 |access-date=18 July 2013 }}</ref>

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.<ref>{{cite news|url=http://www.thehindu.com/news/national/kerala/nod-for-pact-with-dmrc-for-monorail/article4809672.ece |title=Nod for pact with DMRC for monorail |newspaper=[[The Hindu]] |date=13 June 2013 |access-date=18 July 2013}}</ref> The DMRC will receive a consultancy fee of 3.25% of the {{INR}} 5,581 crore ({{INR}} 3,590 crore for Thiruvananthapuram and {{INR}} 1,991 crore for Kozhikode).<ref>{{cite news|author=S. Anil Radhakrishnan |url=http://www.thehindu.com/news/national/kerala/agreement-with-dmrc-to-be-signed-on-june-19/article4815555.ece |title=Agreement with DMRC to be signed on 19 June |newspaper=[[The Hindu]] |date=15 June 2013 |access-date=18 July 2013}}</ref> The agreement was signed on 19 June 2013.<ref>{{cite news|url=http://www.thehindubusinessline.com/news/states/kerala-monorail-delhi-metro-ink-consultancy-agreement/article4830251.ece |title=Kerala Monorail, Delhi Metro ink consultancy agreement |newspaper=[[Business Line]] |date=19 June 2013 |access-date=18 July 2013}}</ref>

==See also==
* [[Kozhikode Light Metro]]
* [[Thiruvananthapuram Light Metro]]
* [[Urban rail transit in India]]

==References==
{{reflist}}

{{Railways in Southern India}}

[[Category:Rail transport in Kerala]]
[[Category:Monorails in India]]
[[Category:Rapid transit companies of India]]

IndianPedia - User contributions [en]

Kerala Rapid Transit Corporation Ltd